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Financial News: European Economics Preview: UK GDP Data Due

European Economics Preview: UK GDP Data Due

10/09/2020 - 01:02:00 (RTTNews)

(RTTNews) - Monthly GDP estimate, industrial production and foreign trade figures 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 is scheduled to issue UK monthly GDP data. The economy is forecast to grow 4.6 percent on month in August, slower than the 6.6 percent increase in July.

Industrial production and foreign trade figures are also due from the UK. Industrial output is expected to climb 2.5 percent on month in August. The visible trade deficit is seen widening to GBP 9 billion from GBP 8.65 billion in July.

In the meantime, consumer prices from Norway and foreign trade from Denmark are due. At 2.45 am ET, the French statistical office Insee releases industrial production data for August. Economists forecast production to advance 1.7 percent on month, slower than the 3.8 percent increase posted in July.

At 3.00 am ET, foreign trade figures from Hungary and Austria are due.

At 4.00 am ET, Italy's Istat publishes industrial production for August. Economists forecast output to grow 1.3 percent on month, following a 7.4 percent rise in July. At 5.00 am ET, consumer prices and industrial production reports are due from Greece.

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