Interest rate decision from the European Central Bank along with revised June quarter GDP and producer price inflation data from the eurozone, house price data from the U.K., and unemployment figures from France are due on Thursday, headlining a busy day for European economic news. All times in ET.
Major economic news released on Wednesday were mostly negative, with the eurozone's manufacturing PMI falling to a six-month low, while the U.K.'s PMI slumped to a nine-month low. Also, German retail sales registered a surprise drop, suggesting domestic demand in Europe's largest economy was still sluggish.
At 1:30 am, the French statistical office INSEE is scheduled to release unemployment data for the June quarter. Economists expect the unemployment rate to rise to 10% from 9.9% in the first quarter, while the mainland unemployment rate is seen picking up to 9.6% from 9.5%.
June quarter GDP data from the Swiss government at 1:45 am. Economists expect GDP to rise by 0.8% on a quarterly basis and by 2.6% on a yearly basis.
At 2:00 am, Nationwide is slated to release U.K. house price data for August. Prices are seen falling 0.3% on a monthly basis but rising 4.9% on a yearly basis.
Producer price data for July is due from the Romanian statistical office at 3:00 am. Producer prices had risen 6.2% annually in June.
At 3:15 am, the Swiss statistical office is due to release retail sales figures for July. Sales are seen 0.9% higher than a year ago, following the 1% rise in the prior month.
Interest rate decision is due from the Swedish central bank at 3:30 am. Analysts expect interest rates to be hiked by a quarter percentage point to 0.75%.
Producer price data for July is due from the Italian statistical office at 4:00 am. Producer prices are forecast to rise by 0.4% on a monthly basis and by 4.3% on a yearly basis.
At 4:30 am, U.K. construction PMI data for August is due from Markit. The indicator is seen falling to 53.2 from 54.1 in July.
Revised eurozone June quarter GDP data is due at 5:00 am. Economists expect the 1% quarterly expansion to be confirmed.
Producer price inflation data for July is due from Eurostat at the same time. Prices are tipped to rise 0.1% on a monthly basis, slower than the 0.3% increase in June.
Finally at 7:45 am, the European Central Bank is due to announce its rate decision. Economists expect the record low 1% rate to be retained. ECB President Jean Claude-Trichet holds his regular press conference at 8:30 am.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.