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European Economic News

European Economics Preview: German GfK Consumer Confidence Data Due

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

Consumer sentiment from Germany and revised quarterly national accounts from the U.K. are due on Friday.

At 2.00 am ET, the market research group GfK is scheduled to issue Germany's consumer confidence survey data for January. The forward-looking consumer sentiment index is seen rising to 9.9 in January from 9.8 in December.

At 2.45 am ET, the French statistical office Insee releases consumer spending and final GDP data. Economists expect spending to grow 0.1 percent on month in November. The economy is expected to grow 0.2 percent in the third quarter, as initially estimated.

At 3.00 am ET, Spain's statistical office INE releases producer prices and Hungary's statistical office releases final foreign trade data. Producer prices had increased 0.2 percent in October.

At 4.00 am ET, unemployment figures are due from Norway and Poland. The Norway's jobless rate is forecast to rise to 2.9 percent in December from 2.8 percent in November. The jobless rate in Poland is seen unchanged at 8.2 percent in November.

At 4.30 am ET, the Office for National Statistics is slated to issue third estimate for the U.K. GDP. According to previous estimate, the economy expanded 0.5 percent in the third quarter.

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