European Economics Preview: German Inflation Data Due

Consumer prices from Germany and economic confidence from euro area are due on Friday, headlining a busy day for the European economic news.

At 1.45 am ET, the Swiss Federal Statistical Office is set to issue quarterly national accounts for the second quarter. GDP is forecast to fall 0.1 percent sequentially following a 0.2 percent drop in the first quarter.

At 2.45 am ET, producer prices report for July is due from France. Producer prices were down 1.9 percent year-on-year in June.

At 3.00 am ET, Spain’s flash consumer prices and retail sales reports are due. Consumer prices are forecast to fall 0.1 percent annually in August offsetting July’s 0.1 percent rise. Retail sales growth is seen rising to 2.7 percent in July from 2.3 percent in June.

Also, Hungary’s unemployment and Czech GDP figures are due at 3.00.

Half an hour later, Statistics Sweden releases retail sales data. Sales are forecast to grow 0.5 percent on a monthly basis in July after rising 0.3 percent in June.

At 4.00 am ET, Italy’s consumer and business confidence survey results are due. In the meantime, unemployment and retail sales are due from Norway.

At 4.30 am ET, the Office for National Statistics is set to issue revised U.K. quarterly national accounts for the second quarter. Economists expect the ONS to confirm 0.7 percent sequential growth for June quarter.

At 5.00 am ET, Eurozone economic confidence survey results are due. The economic sentiment index is seen falling to 103.8 in August from 104 in July. The business confidence index is expected to fall to 0.34 from 0.39 in July.

At 8.00 am ET, Destatis is slated to issue German consumer prices for August. Inflation is forecast to ease to 0.1 percent in August from 0.2 percent in July. EU harmonized consumer prices are also forecast to rise 0.1 percent.

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

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