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European Economics Preview: Germany's Industrial Output, Foreign Trade Data Due


Industrial production and foreign trade from Germany and quarterly national accounts from euro area are due on Friday, headlining a busy day for the European economic news.

At 1.45 am ET, Swiss unemployment data is due. The jobless rate is forecast to remain unchanged at 2.6 percent in August.

At 2.00 am ET, Destatis is slated to release Germany's industrial production and foreign trade figures for July. Production is forecast to grow 0.2 percent on month, in contrast to a 0.9 percent fall in June.

Economists forecast Germany's exports to climb 0.3 percent on month and imports to gain 0.1 percent in July. The trade surplus is seen at EUR 19.5 billion.

In the meantime, industrial output data is due from Norway and GDP data from Romania.

At 2.45 am ET, the French statistical office Insee publishes industrial output data. Output is forecast to grow 0.2 percent on month in July after rising 0.6 percent in June.

At 3.00 am ET, industrial output from Spain and foreign trade from Hungary are due. Spain's industrial production is expected to climb 1.3 percent on year, following a 0.5 percent rise in June.

At 3.30 am ET, UK Halifax house price data is due. House prices are seen rising 3.7 percent annually in three months to August.

At 5.00 am ET, Eurostat is scheduled to issue revised GDP data for the second quarter. The statistical office is expected to confirm 0.4 percent sequential growth.

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