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Financial News: European Economics Preview: Germany GDP Data Due

European Economics Preview: Germany GDP Data Due

02/14/2020 - 00:05:00 (RTTNews)

(RTTNews) - Quarterly national accounts from Germany and euro area are due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's fourth quarter GDP data. The largest euro area economy is forecast to grow 0.1 percent sequentially, the same pace as seen in the third quarter.

At 2.30 am ET, producer and import price figures are due from Switzerland.

At 3.00 am ET, consumer prices and GDP from the Czech Republic are due. The Czech economy is expected to grow 1.9 percent on year in the fourth quarter, slower than the 2.5 percent reported in the preceding period.

In the meantime, final January inflation data is due from Spain.

At 4.00 am ET, Italy's Istat publishes foreign trade data for December. Consumer prices and GDP figures are due from Poland. The economy is expected to shrink 0.1 percent sequentially in the fourth quarter.

At 5.00 am ET, Eurostat releases Eurozone flash GDP estimate and foreign trade figures. The economy is forecast to grow 0.1 percent in the fourth quarter, in line with previous estimate.

Economists forecast the euro area trade surplus to fall marginally to EUR 19 billion in December from EUR 19.2 billion in November.

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