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Financial News: European Economics Preview: Germany Unemployment Data Due

European Economics Preview: Germany Unemployment Data Due

11/28/2019 - 23:26:00 (RTTNews)

(RTTNews) - Unemployment 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 retail sales and unemployment data for October. Economists forecast sales to grow 0.2 percent on month, following a 0.1 percent rise in September.

At 2.45 am ET, France's Insee publishes final GDP data for the third quarter. The statistical office is set to confirm 0.3 percent sequential growth. Flash inflation, producer prices and consumer spending figures are also due.

At 3.00 am ET, third quarter GDP figures are due from Hungary and the Czech Republic. Half an hour later, Statistics Sweden publishes third quarter GDP data. Economists forecast the economy to grow 0.2 percent sequentially.

At 3.55 am ET, Germany's unemployment data for November is due. The number of unemployed is forecast to increase by 5,000 after rising 6,000 in October.

At 4.30 am ET, the Bank of England is scheduled to issue mortgage approvals for October. Economists forecast mortgage approvals to fall to 65,400 from 65,900 in the previous month.

At 5.00 am ET, Eurostat is slated to publish flash inflation and unemployment figures. Eurozone inflation is seen rising to 0.9 percent in November from 0.7 percent in October. The jobless rate is forecast to remain unchanged at 7.5 percent.

At 6.00 am ET, Italy's revised GDP data is due. Economists expect the statistical office to confirm 0.1 percent quarterly growth for the third quarter.

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