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Financial News: European Economics Preview: UK GDP Data Due

European Economics Preview: UK GDP Data Due

07/26/2017 - 01:10:00 (RTTNews)

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

At 2.00 am ET, the Swiss UBS consumption indicator is due for June. The index had climbed to 1.39 points in May from 1.34 in April.

At 2.45 am ET, the French statistical office Insee is scheduled to release consumer sentiment survey data. The consumer confidence index is seen unchanged at 108 in July.

At 3.00 am ET, the National Institute of Economic Research releases Sweden's economic tendency survey results. The economic tendency survey index is forecast to fall to 111.5 in July from 112.1 in June.

At 3.30 am ET, Sweden's foreign data for June is due. The trade surplus totaled SEK 2.8 billion in May.

At 4.00 am ET, Italy's Istat releases business and consumer confidence survey results. The consumer sentiment index is forecast to drop marginally to 106.3 in July from 106.4 in June.

At 4.30 am ET, the Office for National Statistics publishes UK GDP data. The economy is forecast to grow 0.3 percent sequentially in the second quarter after rising 0.2 percent in the first quarter.

In the meantime, UK mortgage approvals figures are due from British Bankers' Association.

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