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Financial News: European Economics Preview: Germany's Industrial Output Da

European Economics Preview: Germany's Industrial Output Data Due

07/07/2017 - 00:56:00 (RTTNews)

(RTTNews) - Industrial production from Germany and the UK are due on Friday, headlining a busy day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs is scheduled to issue Swiss unemployment data. The jobless rate is forecast to remain unchanged at 3.2 percent in June.

At 2.00 am ET, Germany's Destatis publishes industrial production figures for May. Economists forecast production to climb 0.2 percent on month versus a 0.8 percent rise in April.

In the meantime, industrial output from Norway and trade data from Finland are due.

At 2.45 am ET, the French statistical office Insee is set to release industrial production data for May. Economists forecast production to climb 0.6 percent month-on-month, reversing a 0.5 percent fall in April.

At 3.00 am ET, Spain's industrial production figures are due. Output is forecast to gain 2 percent annually in May.

In the meantime, industrial output, retail sales and foreign trade from the Czech Republic and external trade from Hungary are due.

At 3.30 am ET, the UK Halifax house price data is due. House prices are expected to rise 0.2 percent on a monthly basis in June, following a 0.4 percent increase in May.

At 4.00 am ET, Istat is slated to release Italy's retail sales data. Sales are forecast to grow 0.3 percent on month in May, in contrast to April's 0.1 percent fall.

At 4.30 am ET, the Office for National Statistics releases UK industrial output and foreign trade figures. Industrial output is seen rising 0.4 percent on a monthly basis in May after expanding 0.2 percent in April.

The UK visible trade deficit is seen widening to GBP 10.85 billion in May from GBP 10.38 billion in April.

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