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Financial News: European Economics Preview: Eurozone Economic Confidence D

European Economics Preview: Eurozone Economic Confidence Data Due

08/28/2020 - 00:05:00 (RTTNews)

(RTTNews) - Economic confidence from euro area is due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, Germany's Gfk consumer confidence survey data is due for September. The forward-looking sentiment index is forecast to rise to 1.2 from -0.3 in August.

In the meantime, Destatis releases Germany's import prices for July. Economists forecast import prices to fall 4.7 percent annually, following a 5.1 percent drop in June.

At 2.45 am ET, the French statistical office Insee publishes flash inflation, revised GDP and consumer spending figures. The economy is forecast to shrink 13.8 percent sequentially, as initially estimated. France's EU harmonized inflation is forecast to ease to 0.2 percent in August from 0.9 percent in July.

At 3.00 am ET, retail sales from Spain and GDP from Austria are due. According to preliminary estimate, Austria's GDP is forecast to shrink 10.7 percent sequentially. In the meantime, unemployment data is due from Hungary.

At 3.30 am ET, Statistics Sweden publishes quarterly national accounts for the second quarter.

At 4.00 am ET, Italy's Istat releases business and consumer sentiment survey results. The business confidence index is seen rising to 88.9 in August and consumer confidence to climb to 100.

At 5.00 am ET, the European Commission publishes euro area economic sentiment survey data. The economic confidence index is forecast to rise to 85 in August from 82.3 in July.

Also, Italy's producer price data is due for July. Prices had declined 4.5 percent annually in June.

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