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European Economics Preview: UK Industrial Output Data Due


Industrial production from France and the UK are due on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, Finland's industrial production data is due. In the meantime, Statistics Norway is set to publish consumer and producer prices for July. Inflation is expected to narrow to 1.1 percent in July from 1.6 percent in June.

At 2.45 am ET, the statistical office Insee publishes France's industrial production data. Production is expected to fall 0.6 percent on month in June following a 1.9 percent rise in May.

At 3.30 am ET, Sweden's industrial production data is due. Economists forecast production to fall 0.3 percent on month in June, in contrast to a 2.1 percent rise in May.

At 4.30 am ET, the Office for National Statistics is scheduled to release UK industrial output and foreign data. Economists forecast industrial production to climb 0.1 percent and manufacturing to remain flat on a monthly basis in June.

The UK visible trade deficit is seen narrowing to GBP 11 billion in June from GBP 11.86 billion in May.

At 5.00 am ET, Greece unemployment data is due. The jobless rate is forecast to fall to 21.3 percent in May from 21.7 percent in April.

At 8.00 am ET, the National Institute of Economic and Social Research is set to release UK GDP estimate for three months to July.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

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