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European Economics Preview: U.K. Retail Sales Data Due


Retail sales data from the U.K. is due on Friday, headlining a light day for the European economic news.

At 3.30 am ET, Statistics Sweden releases consumer prices for January. Inflation is forecast to ease to 1.5 percent in January from 1.7 percent in December.

At 4.00 am ET, the European Central Bank is set to issue euro area current account figures for December. The current account surplus totaled EUR 36.1 billion in November.

At 4.30 am ET, the Office for National Statistics is scheduled to issue U.K. retail sales figures for January. Sales are forecast to grow 1 percent month-on-month in January, reversing a 1.9 percent fall in December.

At 8.00 am ET, industrial production and producer prices from Poland are due. Industrial output is expected to fall 3.3 percent month-on-month in January following a 4.3 percent decline in December.

Economists forecast Poland's producer prices to rise 3.7 percent annually after climbing 3 percent in the prior month.

by RTTNews Staff Writer

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