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Financial News: European Economics Preview: UK GDP Data Due

European Economics Preview: UK GDP Data Due

11/10/2019 - 23:35:00 (RTTNews)

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

At 2.00 am ET, Statistics Norway is slated to release consumer and producer prices for October. Inflation is expected to rise to 1.8 percent from 1.5 percent in September.

At 3.00 am ET, inflation from the Czech Republic and foreign trade from Hungary are due.

At 4.30 am ET, the Office for National Statistics is slated to issue UK GDP, industrial output, index of services and visible trade figures.

The UK economy is forecast to grow 0.4 percent sequentially in the third quarter after falling 0.2 percent in the second quarter. Economists forecast industrial production to drop 0.1 percent on month and construction output to gain 0.2 percent.

The UK visible trade deficit is seen at GBP 10 billion in September compared to a GBP 9.8 billion shortfall in August.

At 5.00 am ET, Italy Istat is set to issue industrial production for September. Production is expected to fall 0.4 percent on month, reversing a 0.3 percent rise in August.

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