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Financial News: European Economics Preview: Germany's Factory Orders Data

European Economics Preview: Germany's Factory Orders Data Due

09/06/2018 - 01:22:00 (RTTNews)

(RTTNews) - Factory orders data from Germany is due on Thursday, headlining a light day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs is slated to publish Swiss GDP data for the second quarter. The economy is forecast to expand 0.5 percent sequentially, slower than the 0.6 percent growth seen in the first quarter.

At 2.00 am ET, Destatis releases Germany's factory orders data for July. Economists expect orders to rise 1.8 percent on month, in contrast to a 4 percent drop in June.

At 3.00 am ET, industrial production and foreign trade figures are due from the Czech Republic. In the meantime, Hungary's industrial output figures are also due.

At 3.30 am ET, Sweden's central bank is set to release its monetary policy report. In the meantime, Germany's construction PMI is due.

At 5.00 am ET, Greece unemployment figures are due for June. The jobless rate stood at 19.5 percent in May.

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