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Financial News: European Economics Preview: UK GDP Data Due

European Economics Preview: UK GDP Data Due

10/09/2019 - 23:52:00 (RTTNews)

(RTTNews) - Monthly GDP data from the UK and foreign trade from Germany are due on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's foreign trade data. The trade surplus is seen at EUR 18.6 billion in August versus EUR 21.4 billion in July.

In the meantime, consumer and producer prices are due from Norway. Inflation is expected to slow to 1.5 percent in September from 1.6 percent in August.

At 2.45 am ET, France's statistical office Insee publishes industrial production data. Economists forecast production to grow 0.3 percent on month in August, the same pace of increase as seen in July.

At 3.00 am ET, consumer prices from the Czech Republic and industrial output from Slovakia are due.

At 3.30 am ET, Statistics Sweden is set to issue monthly inflation data for September. Inflation is forecast to slow slightly to 1.3 percent from 1.4 percent in August.

At 4.00 am ET, Istat releases Italy's industrial production data for August. Production is seen rising 0.2 percent on month, in contrast to a 0.7 percent fall in July.

At 4.30 am ET, the Office for National Statistics publishes UK GDP data. The economy is forecast to remain flat on month in August, following a 0.3 percent rise in July.

UK industrial and services output are expected to remain unchanged on a monthly basis in August.

At 7.00 am ET, the European Central Bank is scheduled to issue the account of the monetary policy meeting of the governing council held on September 11 and 12.

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