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European Economics Preview: Germany's Industrial Output Data Due

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Industrial production from Germany and the U.K. are due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is set to publish Germany's industrial output data for August. Production is expected to rise 1 percent on month in August, reversing a 1.5 percent fall in July.

Statistics Norway releases industrial output report for August. Manufacturing output is seen falling 0.5 percent month-on-month after rising 3.7 percent in July.

At 2.45 am ET, the French statistical office Insee is set to release industrial output figures for August. Production is expected to rise 0.6 percent on month, offsetting a 0.6 percent fall in July.

At 3.00 am ET, Spain's INE releases industrial production data for August. Production had decreased 5.2 percent annually in July. In the meantime, industrial output and external trade figures are due from Hungary.

Also, the Czech industrial output and foreign trade reports are due. Economists forecast output to climb 8.3 percent on a yearly basis in August, reversing July's 14.1 percent fall in July.

At 3.30 am ET, the U.K. Halifax house price report is due. Economists expect house prices to remain flat in September on a monthly basis, after falling 0.2 percent in August.

At 4.30 am ET, the Office for National Statistics is scheduled to issue U.K. industrial production data for August. Economists forecast output to grow 0.1 percent on month, as seen in July.

Also, U.K. foreign trade figures are due. The visible trade gap is forecast to narrow to GBP 11.2 billion in August from GBP 11.76 billion in July.

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