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European Economics Preview: UK Industrial Output, Trade Data Due


Industrial production and foreign trade from the UK are due on Friday, headlining a busy day for the European economic news.

At 1.45 am ET, Swiss unemployment data is due. The jobless rate is seen unchanged at 3.2 percent in August.

At 2.00 am ET, Destatis is scheduled to release Germany's external trade data. Exports are forecast to grow 1.3 percent on month and imports to rise 2.8 percent in July.

At 2.45 am ET, the French statistical office Insee releases industrial output data. Economists forecast production to grow 0.5 percent on month in July, reversing a 1.1 percent fall in June.

At 3.00 am ET, industrial production from Spain and Turkey and consumer prices from Hungary are due. Spain's industrial output is forecast to grow 2.7 percent on year in July.

At 4.30 am ET, the Office for National Statistics releases UK industrial output and trade data. Industrial output is expected to grow 0.2 percent on month in July following a 0.5 percent rise in June.

The UK visible trade deficit is forecast to narrow to GBP 12 billion in July from GBP 12.7 billion in June.

In the meantime, Bank of England is set to release inflation expectations survey.

At 5.00 am ET, Greece inflation data is due for August. Consumer prices had advanced 1 percent on year in July.

At 8.00 am ET, the National Institute of Economic and Social Research is slated to issue UK GDP estimate for August.

by RTTNews Staff Writer

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