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European Economics Preview: German Industrial Output Data Due

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

Industrial production from Germany is the major data due on Friday, headlining a light day for the European economic news.

The Bank of France is set to release business confidence survey data at 2.30 am ET. The sentiment indicator is seen at 96 in February compared to 95 in January.

At 3.00 am ET, unemployment and trade figures are due from the Czech Republic. The trade surplus is expected to increase to CZK 29.6 billion in January from CZK 6.4 billion in December.

In the meantime, industrial output is due from Spain and Turkey. Spain's industrial output is forecast to fall 6 percent annually in January, slower than the 6.9 percent decrease seen in December.

At 3.15 am ET, the Federal Statistical Office is slated to issue Switzerland's consumer prices for February. Consumer prices are forecast to fall 0.3 percent year-on-year, the same rate of decline as seen in January.

At 3.30 am ET, Statistics Sweden is scheduled to publish industrial output and orders for January. Economists expect production to climb 0.5 percent month-on-month in January, following a 1.3 percent rise in the prior month.

Greece's inflation data and Iceland's fourth quarter GDP figures are due at 5.00 am ET.

At 6.00 am ET, the Federal Ministry of Economics and technology is slated to issue Germany's industrial production data. Output is expected to rise 0.4 percent month-on-month in January, after increasing 0.3 percent in December.

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