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Financial News: European Economics Preview: UK Revised GDP, Public Sector

European Economics Preview: UK Revised GDP, Public Sector Finance Data Due

12/19/2019 - 23:09:00 (RTTNews)

(RTTNews) - Revised quarterly national accounts and public sector finance from the UK are due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, Germany's GfK consumer confidence survey results are due. The forward-looking consumer sentiment index is seen at 9.8 in January versus 9.7 in December. Also, unemployment from Finland and consumer confidence from Turkey are due.

At 2.45 am ET, producer prices and consumer spending figures are due from France. Economists forecast spending to climb 0.3 percent on month in November, faster than the 0.2 percent increase in October.

At 3.30 am ET, Sweden retail sales data is due from Statistics Sweden. Economists expect sales to grow 0.2 percent on month in November, the same rate as seen in October.

At 4.00 am ET, the European Central Bank releases euro area current account data for October.

In the meantime, Italy's Istat publishes economic sentiment survey results and Statistics Poland issues retail sales data.

At 4.30 am ET, the Office for National Statistics is scheduled to issue UK revised GDP, public sector finance and business investment figures. The economy is expected to grow 0.3 percent in the third quarter, as initially estimated.

The UK budget deficit is seen at GBP 6.1 billion in November versus GBP 11.2 billion in October.

At 10.00 am ET, European Commission is slated to issue flash consumer confidence survey results. The euro area consumer sentiment index is forecast to rise to -7.1 in December from -7.2 in November.

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