(RTTNews) - Wednesday, statistical reports due from the European economies include revised GDP data from the United Kingdom and consumer sentiment survey results from Germany.
At 2:00 am ET, the Nuremberg-based GfK group is scheduled to release German consumer sentiment survey results for December. The index is expected to hold steady at 4.
The Czech Statistical Office is expected to issue consumer and business confidence survey results for November at 3:00 am ET.
At 3:15 am ET, Swedish consumer sentiment survey results are due from National Institute of Economic Research. Economists forecast consumer confidence to rise to 8.5 in November from 7.5 in October. The manufacturing confidence index is seen at minus 12, compared to minus 13 in the previous month, while the economic tendency index is tipped to rise to 95.8 from 94.8.
Italian consumer sentiment is due from think tank ISAE at 3:30 am ET. The sentiment index is expected to fall to 111.5 in November from 111.7 in the prior month.
Half an hour later, the Italian statistical office ISTAT is scheduled to release retail sales data for September. Retail sales are forecast to rise a seasonally adjusted 0.1% month-on-month in September, rebounding from the 0.1% decrease in the preceding month. On a yearly basis, retail sales are expected to fall 2.9%.
Simultaneously, the Statistics Norway is slated to issue unemployment data for the period of August to October. The unemployment rate is forecast to edge up to 3.3% in the August to October period.
Elsewhere, retail sales statistics are due from Poland's Central Statistical Office. Economists forecast retail sales to rise 2.3% year-on-year in October, after the 2.5% increase in the prior month. Unemployment data is also due at the same time. The unemployment rate is tipped to rise to 11.1% in October from 10.9% in September.
At 4:30 am ET, the U.K.'s Office for National Statistics is expected to release revised results of third quarter's GDP. Economists expect the economy to contract 0.3% quarter-on-quarter, compared to the initial estimate of 0.4% decline. On a yearly basis, the GDP is expected to fall 5.1%, slightly smaller than the 5.2% drop estimated preliminarily.
Trade data for September is due from Greece at 5:00 am ET. In August, a trade deficit of EUR 1.86 billion was logged.
by RTT Staff Writer
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