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European Economics Preview: Germany's Factory Orders Data Due


Factory orders from Germany and house prices from the UK are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to release Germany's factory orders data for August. Orders are forecast to grow 0.7 percent on month, offsetting a 0.7 percent fall in July.

In the meantime, Statistics Norway is scheduled to issue industrial production for August.

At 2.45 am ET, France's foreign trade data is due. The trade deficit is seen narrowing to EUR 5.4 billion in August from EUR 5.96 billion in July.

At 3.00 am ET, industrial production figures are due from Spain and Hungary. Spain's industrial output is expected to grow 1 percent on year in August, slower than the 1.9 percent increase in July.

Also, the Czech Statistical Office releases retail sales and foreign trade data at 3.00 am.

At 3.30 am ET, UK Halifax house price figures are due. Economists forecast house prices to grow 3.6 percent in three months to September following 2.6 percent rise in three months to August.

At 4.00 am ET, Italy's Istat is set to release retail sales figures for August. Sales are forecast to grow 0.2 percent on month reversing a 0.2 percent fall in July.

by RTTNews Staff Writer

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