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Financial News: European Economics Preview: Germany Industrial Output, Tra

European Economics Preview: Germany Industrial Output, Trade Data Due

08/07/2020 - 00:41:00 (RTTNews)

(RTTNews) - Industrial production and foreign trade figures are due from Germany are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production and external trade data. Production is forecast to grow 8.1 percent on month in June, following a 7.8 percent rise in May.

Economists forecast Germany's exports to grow 13.3 percent on month and imports to rise 10.9 percent in June.

In the meantime, industrial output data is due from Norway and Denmark.

At 2.45 am ET, industrial production, foreign trade and current account figures are due from France. The trade deficit had totaled EUR 7.1 billion in May. Industrial production growth is seen at 8.9 percent in June.

At 3.00 am ET, Spain's INE is slated to release industrial production data. Output is forecast to contract 15.4 percent on a yearly basis in June, following a 24.5 percent decrease in May.

Also, foreign trade data from Hungary, Austria and Slovakia are due at 3.00 am ET.

At 3.30 am ET, UK Halifax house price data is due for July. Prices had increased 2.5 percent on year in June.

At 4.00 am ET, Italy's Istat is set to publish foreign trade figures for June.

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