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European Economic News

European Economics Preview: German Ifo Business Confidence Data Due

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

Business and consumer confidence and quarterly national accounts from Germany are due on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is slated to publish Germany's revised GDP data for the third quarter. According to preliminary estimate, the economy expanded 0.2 percent sequentially.

At 2.45 am ET, the French statistical office Insee is set to publish manufacturing confidence data for November. The confidence index is seen unchanged at 102 in November.

At 3.00 am ET, Spain's final GDP data and Sweden's economic tendency survey results are due. In the meantime, the Czech Statistical Office releases business and consumer sentiment survey data.

Half an hour later, Statistics Sweden is scheduled to issue producer prices for October. Prices had decreased 0.1 percent annually in September.

At 4.00 am ET, Germany's Ifo business confidence survey data is due. Economists forecast the indicator to remain unchanged at 110.5 in November.

At 4.30 am ET, British Bankers' Association is slated to release U.K. mortgage approvals data for October. The number of mortgage approvals is seen at 38,975 compared to 38,252 in September.

At 6.00 am ET, Turkey's central bank announces its interest rate decision. The bank is widely expected to keep key 1-week repo rate unchanged at 7.50 percent.

At 7.00 am ET, Germany's Gfk consumer confidence survey data is due. The forward-looking sentiment index is forecast to remain unchanged at 9.7 in December.

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