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Financial News: European Economics Preview: Eurozone Inflation, Unemployme

European Economics Preview: Eurozone Inflation, Unemployment Data Due

11/30/2017 - 01:12:00 (RTTNews)

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

At 1.45 am ET, the State Secretariat for Economic Affairs publishes Swiss GDP data. The economy is expected to expand 0.6 percent sequentially, following second quarter's 0.3 percent increase.

At 2.00 am ET, Destatis is slated to release Germany's retail sales data. Sales are forecast to grow 0.3 percent on month in October, following a 0.5 percent increase in September.

In the meantime, UK Nationwide house prices are due. Economists forecast house prices to grow 2.7 percent on year in November after rising 2.5 percent in October.

At 2.45 am ET, the French statistical office Insee releases preliminary inflation data for November. Inflation is seen at 1.2 percent in November versus 1.1 percent in October.

At 3.00 am ET, final GDP from Spain and Austria are due. Producer prices from Hungary and leading indicator from Switzerland are also due.

At 3.55 am ET, Germany's Federal Labor Agency releases unemployment data. Economists forecast the jobless rate to remain unchanged at 5.6 percent in November.

At 4.00 am ET, unemployment from Italy and GDP data from Poland are due.

At 5.00 am ET, Eurostat releases Eurozone inflation and unemployment figures. Inflation is forecast to rise to 1.6 percent in November from 1.4 percent in October. The jobless rate is forecast to remain at 8.9 percent in October.

In the meantime, Italy's flash consumer prices are due. Italy's consumer prices are forecast to climb 1.1 percent on year in November after rising 1 percent in October.

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