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Financial News: European Economics Preview: UK Retail Sales Data Due

European Economics Preview: UK Retail Sales Data Due

05/24/2018 - 01:41:00 (RTTNews)

(RTTNews) - Retail sales from the UK and revised quarterly national accounts from Germany are due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to publish detailed Germany's gross domestic product data. The statistical office is expected to confirm 0.3 percent sequential growth for the first quarter.

In the meantime, Germany's GfK consumer sentiment survey results are due. The forward-looking index is seen unchanged at 10.8 in June.

At 2.45 am ET, France's Insee publishes manufacturing sentiment survey data. The indicator is forecast to fall to 108 in May from 109 in April.

At 3.00 am ET, consumer and business confidence survey results are due from the Czech Republic.

Half an hour later, Statistics Sweden is set to issue producer prices for April. Prices had increased 4 percent annually in March.

At 4.30 am ET, UK retail sales data is due. Sales, including auto fuel, are forecast to rise 0.9 percent on month in April, reversing a 1.2 percent fall in March.

At 7.30 am ET, the European Central Bank is set to publish the minutes of the April governing council meeting.

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