European Economics Preview: German Factory Orders Data Due

EEP 040513

Factory orders from Germany and retail sales from Eurozone are due on Friday, headlining a light day for the European economic news.

At 3.00 am ET, Hungary's industrial output data is due. Economists forecast output to fall 0.9 percent year-on-year in February, bigger than the 1.4 percent fall in January.

The Society of Motor Manufacturers and Traders is scheduled to release U.K. car registration data for March. Sales were up 7.9 percent in February.

At 3.30 am ET, Statistics Sweden is set to issue services output for February.

At 5.00 am ET, Eurozone retail sales figures are due from Eurostat. Retail sales are forecast to drop 0.4 percent month-on-month in February, reversing a 1.2 percent rise in January. The third estimate for Eurozone GDP is also due at 5.00 am.

The Federal Ministry of Economics and Technology is scheduled to issue German factory orders figures at 6.00 am ET. Factory orders are forecast to grow 1.1 percent month-on-month in February, following a 2.5 percent drop in January.

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