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European Economics Preview: German Industrial Output, Foreign Trade Data Due

286 days ago

(RTTNews) - Industrial production and foreign trade from Germany are due on Friday, headlining a busy day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs is slated to publish Swiss unemployment data for August. The seasonally adjusted jobless rate is forecast to remain unchanged at 2.9 percent.

At 2.00 am ET, Germany's foreign trade data is due. The trade surplus is seen falling to EUR 15.3 billion from EUR 17.9 billion in June.

The French trade balance is due at 2.45 am ET. The trade deficit is expected to narrow to EUR 5.85 billion in July from EUR 5.99 billion in June.

A slew of statistical reports are due at 3.00 am ET. Final GDP figures from Czech Republic and Hungary are due. The Hungary's Central Statistical Office is also set to publish industrial output figures.

In the meantime, Spain's industrial output data is due. Production is seen falling by 5.2 percent annually in July, following a 6.3 percent drop in June.

At 4.00 am ET, Statistics Norway is set to publish industrial production data for July.

Half an hour later, U.K. industrial production and producer price figures are due. On a monthly basis, industrial output is forecast to rise 1.5 percent in July. At the same time, input price annual inflation is seen at 1.4 percent and output price inflation at 1.9 percent.

At 6.00 am ET, the Federal Ministry of Economy and Technology is scheduled to issue German industrial output figures. Output is forecast to remain flat in July on a monthly basis after easing 0.9 percent in June.

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