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European Economics Preview: UK GDP Data Due


Quarterly national accounts, foreign trade and industrial production are due from the UK, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Norway publishes inflation data for July. Economists forecast inflation to remain unchanged at 2.6 percent in July.

At 2.45 am ET, France industrial and manufacturing output data is due. Industrial output is expected to grow 0.5 percent on a monthly basis in June, reversing a 0.2 percent fall in May.

At 3.30 am ET, consumer prices are due from Statistics Sweden. Inflation is seen falling to 2 percent in July from 2.1 percent in June.

At 4.00 am ET, Italy's Istat publishes foreign trade data for June. The surplus totaled EUR 3.37 billion in May.

At 4.30 am ET, the Office for National Statistics publishes UK GDP data for the second quarter. The economy is forecast to grow 0.4 percent sequentially after rising 0.2 percent in the previous period.

In the meantime, ONS publishes industrial and construction output and foreign trade figures. Industrial production is seen rising 0.3 percent month-on-month in June, reversing a 0.4 percent fall in May. The visible trade deficit is seen at GBP 11.9 billion compared to a GBP 12.3 billion shortfall in May.

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