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Financial News: European Economics Preview: Swiss GDP Data Due

European Economics Preview: Swiss GDP Data Due

08/27/2020 - 00:41:00 (RTTNews)

(RTTNews) - Quarterly national accounts data from Switzerland is due on Thursday, headlining a light day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs, or SECO, is set to issue Swiss GDP data for the second quarter. The economy is expected to shrink 8.6 percent sequentially, following a 2.6 percent drop in the first quarter.

At 2.45 am ET, the statistical office Insee publishes French business sentiment survey results for August. The business confidence index is expected to rise to 85 from 82 in July.

At 3.00 am ET, the National Institute of Economic Research is scheduled to issue Sweden's economic tendency survey data.

Half an hour later, retail sales and foreign trade figures are due from Statistics Sweden. Retail sales are forecast to grow 1 percent on month in July, following a 1.2 percent rise in June.

At 4.00 am ET, the European Central Bank publishes euro area monetary aggregates data for July. M3 is forecast to grow at a steady pace of 9.2 percent in July.

In the meantime, Italy's Istat is set to release industrial orders and sales figures for June.

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