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European Economics Preview: Eurozone Inflation, Unemployment Data Due


Flash inflation and unemployment figures from Eurozone are due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales figures. Economists forecast sales to grow 0.2 percent month-on-month, reversing a 0.5 percent fall in March.

At 2.45 am ET, French consumer spending and producer prices are due. Consumer spending is expected to fall 0.6 percent month-on-month in April and producer prices are forecast to drop 0.3 percent.

Hungary's PPI and Turkey's trade reports are due at 3.00 am ET. Economists forecast producer prices to rise 1.2 percent year-on-year in April, after rising 2.2 percent in March.

At 4.00 am ET, unemployment figures are due from Italy and Norway. Italy's jobless rate is seen at 11.6 percent in April, up from 11.5 percent in March.

Half an hour later, the Bank of England is scheduled to release mortgage approvals for April. The mortgage approvals for April is seen at 54,600 compared to 53,504 in March.

At 5.00 am ET, Eurostat is slated to release unemployment figures for April and preliminary inflation data for May. Eurozone inflation is seen rising to 1.4 percent in May from 1.2 percent in April.

The jobless rate is expected to rise marginally to 12.2 percent in April from 12.1 percent in March.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

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