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European Economics Preview: Eurozone Current Account Data Due


Current account data from euro area is due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices for April. Economists forecast producer prices to rise 3.2 percent annually, following a 3.1 percent rise in March.

At 4.00 am ET, the European Central Bank releases euro area current account figures for March. The current account surplus totaled EUR 37.9 billion in February.

At 6.00 am ET, the Confederation of British Industry is slated to release Industrial Trends survey data. The industrial order book balance is forecast to remain unchanged at 4 percent in May.

At 8.00 am ET, the Central Statistical Office is scheduled to issue Poland's industrial output and producer prices data. Economists forecast output to fall 10.6 percent on month in April following a 17.6 percent decrease in March.

Producer price inflation is seen easing to 4.5 percent in April from 4.7 percent in March.

by RTTNews Staff Writer

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