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Financial News: European Economics Preview: Germany's Industrial Productio

European Economics Preview: Germany's Industrial Production Data Due

10/07/2020 - 00:40:00 (RTTNews)

(RTTNews) - Industrial production from Germany and house prices from the UK are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's industrial output for August. Economists forecast output to grow 1.5 percent on month, following a 1.2 percent rise in July.

In the meantime, industrial production figures are due from Norway and Denmark.

At 2.45 am ET, foreign trade and current account figures are due from France.

At 3.00 am ET, Spain's INE releases industrial output for August. Economists expect production to decline 5.7 percent on year, after easing 6.4 percent in July.

Also, industrial and construction output and foreign trade figures are due from the Czech Republic. Industrial production is seen falling 2.8 percent annually, after easing 5 percent in July.

At 3.30 am ET, UK Halifax house price data is due. Economists forecast house prices to rise 1.5 percent on month in September, following a 1.6 percent rise in August.

At 4.00 am ET, Italy's Istat is scheduled to issue retail sales for August. Sales had decreased 2.2 percent on month in July.

At 4.55 am ET, the Central Bank of Iceland will publish the statement of the Monetary Policy Committee, including the Committee's interest rate decision.

At 7.00 am ET, Poland's central bank is set to announce its interest rate decision. The bank is expected to hold its key rate at 0.10 percent.

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