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Financial News: European Economics Preview: UK GDP Data Due

European Economics Preview: UK GDP Data Due

10/25/2017 - 00:37:00 (RTTNews)

(RTTNews) - Quarterly national accounts from the UK and business confidence from Germany are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Swiss UBS consumption indicator is due for September. The consumption indicator had climbed to 1.53 points in August from 1.46 in July.

At 3.00 am ET, Spain's INE is scheduled to issue producer prices for September. Prices had increased 3.2 percent on year in August.

Also, Sweden's economic tendency survey results are due from the National Institute of Economic Research.

At 4.00 am ET, Germany's Ifo business confidence data is due. Economists forecast the business climate index to fall to 115 in October from 115.2 in September.

In the meantime, Italy's Istat is slated to issue industrial orders for August. Orders had increased 0.2 percent on month in July.

Half an hour later, the Office for National Statistics publishes UK GDP data for the third quarter. The economy is forecast to expand 0.3 percent on quarter, the same rate as seen in the second quarter.

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