Flash inflation from Eurozone and unemployment from Germany are due on Thursday, headlining a hectic day for the European economic news.
At 1.45 am ET, Switzerland's GDP data is due from the State Secretariat for Economic Affairs. The economy is forecast to remain flat sequentially in the first quarter after expanding 0.1 percent in the prior quarter.
Germany's statistical office Destatis is set to publish retail sales and unemployment figures at 2.00 am ET. Retail sales are expected to grow by 0.2 percent month-on-month in April.
In the meantime, U.K. house prices are due from Nationwide Building Society. Economists expect house prices to drop 1.1 percent year-on-year in May after falling 0.9 percent in April.
At 2.45 am ET, the French statistical office Insee is scheduled to issue consumer spending and producer price figures. On a monthly basis, consumer spending is estimated to grow 0.3 percent in April. At the same time, producer price inflation is expected to slow to 2.9 percent from 3.7 percent in March.
At 3.55 am ET, the Federal Labor Agency is slated to release German unemployment data for May. The number of unemployed is forecast to fall by 7,000 after rising 19,000 a month ago. The jobless rate is seen unchanged at 6.8 percent.
At 5.00 am ET, Eurostat is set to publish Eurozone flash inflation figures for May. The annual inflation rate is forecast to slow slightly to 2.5 percent from 2.6 percent in April.
Italy's preliminary inflation data is also due. EU harmonized inflation in Italy is forecast to drop to 3.6 percent in May from 3.7 percent in April.
by RTT Staff Writer
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