European Economics Preview: Eurozone Economic Confidence Data Due
27 Julio 2017 - 7:46PM
RTTF2
Economic confidence from euro area and consumer prices from
Germany are due on Friday, headlining a busy day for the European
economic news.
At 1.30 am ET, the French statistical office Insee releases GDP
data. The economy is forecast to grow 0.5 percent sequentially in
the second quarter.
At 2.00 am ET, Statistics Norway is scheduled to issue retail
sales figures for June.
At 2.45 am ET, consumer prices and consumer spending reports are
due from France. Inflation is seen at 0.7 percent in July.
Economists forecast consumer spending to grow 1 percent on year in
June.
At 3.00 am ET, Spain's INE releases flash inflation, GDP and
retail sales data. Economists expect inflation to remain unchanged
at 1.5 percent in July. GDP is expected to climb 0.9 percent on
quarter after rising 0.8 percent in the first quarter.
In the meantime, Swiss KOF leading index is due. The leading
index is seen at 106 in July versus 105.5 in June.
At 3.30 am ET, Statistics Sweden is set to issue GDP and retail
sales figures. The economy is expected to expand 0.9 percent
sequentially in the second quarter, after rising 0.4 percent in the
first quarter.
At 4.00 am ET, Norway's NAV unemployment data is due. The
jobless rate is seen at 2.8 percent in July versus 2.6 percent in
June.
At 5.00 am ET, European Commission is scheduled to publish euro
area economic sentiment survey results. Economists forecast the
economic confidence indicator to fall to 110.8 in July from 111.1
in June.
At 6.30 am ET, Russia's central bank announces its interest rate
decision. The bank is forecast to hold its key rate at 9.00
percent.
At 8.00 am ET, Destatis publishes Germany's flash consumer price
data. Economists forecast inflation to ease marginally to 1.5
percent in July from 1.6 percent in June.
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