Foreign trade figures from Germany and producer prices from the U.K. are the important reports due on Friday, headlining a hectic day for the European economic news.
At 2.00 am ET, the Federal Statistical Office is slated to issue Germany's foreign trade figures. The trade surplus is expected to fall to EUR 13 billion in April from EUR 17.4 billion in March. Also, Germany's labor cost data is due.
The Bank of France is set to release business confidence data for May at 2.30 am ET. The index is forecast to fall to 93 from 95 in April.
Thereafter, French trade figures are due. The deficit is expected to narrow to EUR 5.5 billion in April from EUR 5.7 billion in March.
At 3.00 am ET, the Czech statistical office is set to release first quarter final GDP data. In the meantime, Hungary's final GDP and preliminary trade figures are due.
Half an hour later, budget balance from Sweden is due. Statistics Sweden is scheduled to release industrial output and new orders for April. Dutch industrial output for April is also expected, at 3.30 am ET.
Italy's statistical office Istat is set to issue industrial output figures for April at 4.00 am ET. Economists expect output to fall 0.5 percent month-on-month in April, offsetting last month's 0.5 percent rise.
At 4.30 am ET, the Office for National Statistics is scheduled to release U.K. producer prices for May. Output price inflation is forecast to slow to 3.2 percent from 3.3 percent in April. Input price inflation is seen unchanged at 1.2 percent. In the meantime, BoE/GfK inflation expectations survey results are due.
by RTT Staff Writer
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