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Financial News: European Economics Preview: Germany's Inflation Data Due

European Economics Preview: Germany's Inflation Data Due

05/30/2019 - 23:17:00 (RTTNews)

(RTTNews) - Inflation and retail sales figures from Germany are due on Friday, headlining a hectic day for the European economic news.

At 2.00 am ET, Destatis is slated to publish April retail sales data. Economists forecast Germany's retail sales to grow 0.1 percent on month after staying flat in March.

At 2.30 am ET, the Federal Statistical Office releases Swiss retail sales for April. Sales are forecast to drop 0.8 percent on year, following a 0.7 percent fall in March.

At 3.00 am ET, GDP from the Czech Republic and Hungary are due. In the meantime, foreign trade data from Turkey is due. The trade deficit is seen widening to TRY 2.83 billion in April from TRY 2.14 billion in March.

At 4.00 am ET, unemployment from Norway and GDP from Poland are due. Norway's jobless rate is seen falling to 2.1 percent in May from 2.3 percent in April.

Half an hour later, Bank of England is scheduled to issue mortgage approvals for April. Economists forecast mortgage approvals to rise to 63,500 from 62,300 in March.

At 5.00 am ET, preliminary inflation data and final GDP figures are due from Italy. Inflation is seen at 1 percent in May versus 1.1 percent in April. The economy is forecast to expand 0.2 percent in the first quarter, as initially estimated on April 30.

At 8.00 am ET, Destatis is scheduled to issue Germany's preliminary inflation data. Inflation is forecast to drop to 1.6 percent in May from 2 percent in April.

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