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

European Economics Preview: Germany's Factory Orders Data Due

10/05/2018 - 01:02:00 (RTTNews)

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

At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders and producer prices for August. Economists forecast orders to grow 0.8 percent on month in August, reversing a 0.9 percent fall in July.

Germany's producer prices are forecast to rise 2.9 percent on year in August, after climbing 3 percent in July.

At 2.45 am ET, France's current account and foreign trade figures are due. The trade deficit is seen widening to EUR 4.84 billion in August from EUR 3.49 billion in July.

At 3.00 am ET, industrial production is due from both Spain and Hungary. Economists forecast Spain's industrial output to grow 0.5 percent on year in August.

At 3.15 am ET, the Federal Statistical Office publishes Swiss inflation data for September. Inflation is seen easing to 1.1 percent from 1.2 percent in August.

At 3.30 am ET, Statistics Sweden is set to release industrial orders and production figures. Production is expected to climb 5 percent on year in August after rising 2.2 percent in July.

Half an hour later, Italy's Istat is slated to release retail sales data for August. Economists forecast sales to climb 0.1 percent on month, in contrast to a 0.1 percent drop in July.

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