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Financial News: European Economics Preview: Germany Unemployment, Inflatio

European Economics Preview: Germany Unemployment, Inflation Data Due

02/28/2020 - 00:01:00 (RTTNews)

(RTTNews) - Unemployment and flash consumer price reports are due from Germany on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis releases Germany's unemployment and import price figures. Economists forecast import prices to fall 0.3 percent on year in January, following a 0.7 percent fall in December.

At 2.30 am ET, Swiss retail sales data for January is due. Sales had increased 0.1 percent on year in December.

At 2.45 am ET, France's Insee is scheduled to release revised GDP data. According to initial estimate, the economy had contracted 0.1 percent in the fourth quarter.

Flash inflation, household consumption and industrial producer price figures are also due from France.

At 3.00 am ET, producer prices from Austria and GDP from Hungary are due. Hungary's GDP is forecast to grow 0.2 percent sequentially in the fourth quarter.

At 3.30 am ET, Statistics Sweden releases GDP data. Economists forecast the economy to grow 0.2 percent sequentially in the fourth quarter, after rising 0.3 percent in the third quarter.

At 3.55 am ET, Germany's unemployment data is due from the Federal Employment Agency. The jobless rate is forecast to remain unchanged at 5 percent in February.

At 5.00 am ET, preliminary inflation figures are due from Italy. Inflation is seen at 0.5 percent in February, unchanged from January.

At 8.00 am ET, Destatis is slated to release Germany's flash consumer price data for February. Economists forecast inflation to remain unchanged at 1.7 percent in February.

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