Data due may not yet show impact of ECB measures

When the European Central Bank unleashed a stimulus barrage in June, it cautioned the economy would take some time to respond. Data due this week may test its patience.

The inflation rate remained at 0.5% for a third month in July, according to the median forecast of 42 economists in a Bloomberg survey.

The unemployment rate remained unchanged at 11.6% in June, a separate survey shows. That may fuel policymakers’ concern that annual price gains will become entrenched at a fraction of the ECB’s goal of just under 2%, and increase calls for further action.