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European Economics Preview: U.K. Retail Sales Data Due

European Economics Preview: U.K. Retail Sales Data Due

Retail sales data from the U.K. is the major data due on Friday, headlining a light day for the European economic news.

At 3.00 am ET, Hungary's Central Statistical Office is scheduled to release average gross wages for November. After rising 4.6 percent in October, wages are forecast to grow 4 percent in November.

At 4.00 am ET, Italy's industrial orders for November are due. Orders remained flat in October.

In the meantime, the Czech central bank is slated to release current account figures. The current account deficit is forecast to widen to CZK 8 billion from CZK 16.12 billion in October.

At 4.30 am ET, U.K. retail sales are due. Including automotive fuel, retail sales are forecast to grow 0.2 percent month-on-month in December after staying flat in November. Annually, sales are seen rising 1 percent.

Poland's average gross wages and industrial output figures are due at 8.00 am ET. Economists forecast average gross wages to grow 2.1 percent year-on-year in December, following a 2.7 percent rise in November.

At the same time, industrial production is expected to drop 0.2 percent on a monthly basis, as seen in November.

by RTT Staff Writer

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