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Financial News: European Economics Preview: UK Retail Sales, Public Sector

European Economics Preview: UK Retail Sales, Public Sector Finance Data Due

05/22/2020 - 00:22:00 (RTTNews)

(RTTNews) - Retail sales and public sector finance reports from the UK are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics publishes UK retail and government borrowing figures for April. Economists forecast retail sales including auto fuel to decline 16 percent on a monthly basis after easing 5.1 percent in March.

The UK budget deficit is expected to widen to GBP 35 billion in April from GBP 2.33 billion in March.

At 3.00 am ET, Spain's INE releases industrial order data for March. In the meantime, manufacturing confidence survey results are due from Turkey.

At 4.00 am ET, Poland's retail sales data for April is due. Sales are forecast to decrease 16.9 percent annually in April following a 7.1 percent drop in March.

At 7.30 am ET, the European Central Bank is set to issue the account of the monetary policy meeting of the governing council held on April 29 and 30.

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