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Financial News: European Economics Preview: Eurozone Inflation Data Due

European Economics Preview: Eurozone Inflation Data Due

09/28/2018 - 01:26:00 (RTTNews)

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

At 2.00 am ET, Destatis is scheduled to issue Germany's unemployment data for August.

In the meantime, UK Nationwide house price data is due. House prices are forecast to rise 1.9 percent annually in September versus 2 percent increase in August.

At 2.45 am ET, France's Insee publishes preliminary inflation data, consumer spending and producer price figures. Inflation is forecast to remain unchanged at 2.3 percent in September.

At 3.00 am ET, Spain's INE releases flash consumer prices and final GDP for the second quarter. Inflation is expected to remain stable at 2.2 percent in September.

Half an hour later, Sweden's retail sales figures are due. Economists forecast sales to climb 0.6 percent on year in August, reversing a 1.2 percent fall in July.

At 3.55 am ET, the Federal Labor Agency is set to issue Germany's unemployment data. The jobless rate is seen unchanged at 5.2 percent and the number of unemployed is expected to decrease by 9,000 in September.

At 4.00 am ET, UK final GDP data for the second quarter is due. The ONS is expected to confirm 0.4 percent sequential growth.

At 5.00 am ET, Eurostat is set to issue euro area flash inflation data. Economists expect inflation to rise marginally to 2.1 percent in September from 2 percent in August.

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