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Financial News: European Economics Preview: UK GDP Data Due

European Economics Preview: UK GDP Data Due

09/11/2020 - 01:13:00 (RTTNews)

(RTTNews) - Monthly GDP and foreign trade reports are due from the UK on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics publishes UK monthly GDP, industrial output and foreign trade figures. The UK economy is forecast to expand 6.7 percent on month in July, slower than the 8.7 percent growth logged in June.

Industrial production growth is seen easing to 4 percent in July from 9.3 percent. The trade deficit is expected to widen to GBP 6.9 billion in July from GBP 5.12 billion a month ago.

In the meantime, Destatis publishes Germany's final consumer price data for August. According to preliminary estimate, consumer prices remained unchanged on year, following a 0.1 percent drop in July.

At 3.00 am ET, Spain INE releases final consumer price figures for August. The statistical office is expected to confirm 0.5 percent fall in consumer prices in August.

In the meantime, Hungary's industrial production data for July is due. Production had declined 8.1 percent on year in June.

At 4.00 am ET, Italy's Istat releases quarterly unemployment data.

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