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Financial News: European Economics Preview: Eurozone Economic Sentiment Da

European Economics Preview: Eurozone Economic Sentiment Data Due

08/29/2019 - 01:01:00 (RTTNews)

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

At 2.00 am ET, Statistics Norway releases GDP data for the second quarter. The economy is expected to shrink 0.2 percent on quarter.

At 2.45 am ET, the French statistical office Insee is scheduled to issue detailed quarterly national accounts and July consumer spending figures. According to initial estimate, the economy expanded 0.2 percent sequentially in the second quarter.

French consumer spending is forecast to grow 0.4 percent on month, in contrast to a 0.1 percent fall in June.

At 3.00 am ET, flash consumer prices data from Spain is due. Inflation is forecast to ease marginally to 0.4 percent in August from 0.5 percent in July.

In the meantime, the National Institute of Economic Research releases Sweden's economic tendency survey data for August and the Turkish Statistical Institute publishes foreign trade data.

At 3.55 am ET, Germany's unemployment data is due from the Federal Labor Agency. The jobless rate is seen unchanged at 5 percent in August.

At 5.00 am ET, the European Commission is scheduled to release euro area economic sentiment survey results. The economic sentiment index is forecast to drop to 102.3 in August from 102.7 in July.

At 8.00 am ET, Destatis is slated to issue Germany's flash inflation figures. Economists expect inflation to ease to 1.5 percent in August from 1.7 percent in July.

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