European Economics Preview: Eurozone Economic Confidence Data Due

Economic confidence from euro area and unemployment from Germany are due on Thursday, headlining a busy day for the European economic news.

At 3.00 am ET, flash consumer prices and preliminary GDP figures are due from Spain. Consumer prices are forecast to rise 0.1 percent on a yearly basis in July. Economic growth is expected to rise marginally to 1 percent in the second quarter from 0.9 percent in the prior quarter.

Swiss KOF leading index is also due at 3.00. The indicator is expected to rise to 90.4 in July from 89.7 in June.

Half an hour later, Statistics Sweden releases GDP data. Economists forecast the economy to grow 2.5 percent year-on-year in the second quarter.

At 3.55 am ET, Germany’s labor agency is slated to publish unemployment data. The number of unemployed is forecast to fall by 5,000 in July following a decrease of 1,000 in June.

At 4.00 am ET, Norway’s retail sales data is due. Sales are expected to grow 0.9 percent on a monthly basis in June, reversing May’s 3.4 percent decrease.

At 5.00 am ET, European Commission is set to issue Eurozone economic confidence survey results. The economic confidence index is seen falling to 103.2 in July from 103.5 in June.

At 6.00 am ET, Ireland’s GDP data is due. The economy is expected to grow 1.8 percent sequentially in the first quarter after rising 0.2 percent a quarter ago.

At 8.00 am ET, Destatis is set to issue Germany’s flash consumer price figures for July. EU harmonized inflation is seen unchanged at 0.1 percent in July.

The material has been provided by InstaForex Company – www.instaforex.com

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