Quarterly national accounts from Germany and the U.K. as well as Purchasing Managers' survey and Ifo business confidence are due on Thursday, headlining a hectic day for the European economic news.
At 2.00 am ET, Destatis is scheduled to release final German GDP data for the first quarter. According to preliminary estimate, the economy grew 0.5 percent.
In the meantime, Swiss external trade figures are due. The trade surplus is seen increasing to CHF 1.9 billion in April from CHF 1.58 billion in March.
At 2.45 am ET, the French statistical office Insee is slated to publish business confidence for May. The indicator is expected to drop to 94 from 95 in April.
Flash Purchasing Managers' survey results are due from France, Germany and Eurozone.
At 3.00 am ET, Hungary retail sales and Czech consumer sentiment reports are due. Retail sales are forecast to drop 0.8 percent annually in March after easing 1.4 percent in February.
At 4.00 am ET, German Ifo business confidence survey data is due. The business confidence index is forecast to fall to 109.4 in May from 109.9 a month ago.
In the meantime, Markit is set to release flash composite PMI data. The Eurozone composite PMI is expected to fall slightly to 46.6 in May from 46.7 in April.
Half an hour later, the Office for National Statistics is scheduled to release second estimate for U.K. GDP figures. Gross domestic product declined by 0.2 percent sequentially in the second quarter.
by RTT Staff Writer
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