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Financial News: European Economics Preview: Eurozone GDP Data Due

European Economics Preview: Eurozone GDP Data Due

10/31/2019 - 00:15:00 (RTTNews)

(RTTNews) - Quarterly national accounts data from the euro area is due on Thursday, headlining a hectic day for the European economic news.

At 3.00 am ET, Destatis is scheduled to release Germany's retail sales data. Sales are forecast to grow 0.2 percent on month in September, following a 0.5 percent rise in August.

At 3.45 am ET, France flash inflation figures are due. Economists forecast inflation to remain unchanged at 0.9 percent in October.

At 4.00 am ET, Spain's INE is set to issue preliminary GDP data. Economists forecast the economy to grow 0.4 percent sequentially in the third quarter.

At 5.00 am ET, Italy's unemployment data is due. The jobless rate is seen at 9.6 percent in September versus 9.5 percent in August.

At 6.00 am ET, Eurostat publishes third quarter GDP data, flash inflation and unemployment figures. The euro area is forecast to grow 0.1 percent after expanding 0.2 percent in the second quarter.

Eurozone inflation is seen at 0.7 percent in October versus 0.9 percent in September. The jobless rate is expected to remain unchanged at 7.4 percent in September.

At 7.00 am ET, Italy's Istat is set to issue preliminary GDP data. Economists forecast the economy to remain flat in the third quarter.

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