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Financial News: European Economics Preview: UK GDP Data Due

European Economics Preview: UK GDP Data Due

05/25/2017 - 02:34:00 (RTTNews)

(RTTNews) - Quarterly national accounts from the UK is due on Thursday, headlining a light day for the European economic news.

At 3.00 am ET, Spain's final GDP data is due. The statistical office is expected to confirm 0.8 percent sequential growth in the first quarter.

At 4.00 am ET, Poland's unemployment figures are due. Economists forecast the jobless rate to fall to 7.7 percent in April from 8.1 percent in March.

At 4.30 am ET, the Office for National Statistics publishes the second estimates for the UK GDP. According to first estimate, the economy expanded 0.3 percent sequentially in the first quarter.

In the meantime, the UK mortgage approvals data is due. The number of mortgage approvals is forecast to fall to 40,800 in April from 41,061 in March.

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