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Financial News: European Economics Preview: Germany GDP Data Due

European Economics Preview: Germany GDP Data Due

05/15/2020 - 00:07:00 (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 slated to release Germany's producer prices for April. Economists forecast producer prices to fall 1.8 percent annually after easing 0.8 percent in March.

In the meantime, GDP figures are due from Denmark and Romania.

At 2.45 am ET, final consumer price data is due from France. Inflation is seen at 0.4 percent in April versus 0.7 percent in March, as initially estimated.

At 3.00 am ET, GDP figures are due from the Czech Republic, Slovakia and Hungary. The Czech economy is forecast to shrink 3.5 percent sequentially in the first quarter after rising 0.5 percent in the fourth quarter.

At 4.00 am ET, flash GDP data from Germany and industrial orders from Italy are due. Economists expect the German economy to contract 2.2 percent sequentially in the first quarter after staying flat a quarter ago.

In the meantime, consumer prices and GDP figures are due from Poland. The economy is expected to shrink 1.2 percent in the first quarter from preceding three months.

At 5.00 am ET, Eurostat publishes euro area revised quarterly national accounts and employment for the first quarter and foreign trade data for March. According to initial estimate, the currency bloc had contracted 3.8 percent after falling 0.1 percent in the fourth quarter.

Also, final inflation figures are due from Italy. Inflation is seen expected to remain flat in April as initially estimated.

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