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Credit Axel Schmidt/Reuters
EUROZONE TO RELEASE
2ND-QUARTER G.D.P. DATA
Just how fragile the eurozone economic recovery has been will become clearer on Thursday when Eurostat, the European Union statistics agency, releases its second-quarter estimate for gross domestic product. The economy of the 18-nation currency union grew an anemic 0.2 percent in the first quarter, compared with the previous quarter. Data from Italy last week showed that the nation’s economy fell back into recession, with G.D.P. unexpectedly shrinking in the second quarter after contracting the previous quarter. And many economists expect that the German economy, the region’s largest, shrank in the second quarter after growing for a year. PATRICK SCOTT
ENERGY BILLS COME DUE
IN STRUGGLING PUERTO RICO
Thursday is the latest deadline for Puerto Rico’s struggling electric power authority to make overdue payments on two lines of credit that it uses to buy fuel for its power plants. The power authority, known as Prepa, ran short of cash earlier this summer, but its lenders gave it a breather, rather than forcing what bondholders fear could be a messy restructuring that could send ripples through Puerto Rico’s heavily indebted economy. Citigroup provides a line of credit for roughly $250 million and a bank syndicate provides a $550 million line. MARY WILLIAMS WALSH
MODEST GAINS EXPECTED
IN U.S. PRODUCER PRICES
On Friday, the Labor Department will release Producer Price Index data for July. Although the drop in the unemployment rate and accelerating economic growth in the second quarter have prompted fears of renewed inflation, most experts expect this report to be tame. The consensus calls for a 0.2 percent rise in the index, which is below the 0.4 percent gain for June. NELSON D. SCHWARTZ
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