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European Economics Preview: UK GDP Data Due


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

At 2.00 am ET, consumer and producer prices are due from Norway. Economists forecast inflation to remain unchanged at 3.4 percent in October.

At 2.45 am ET, the French statistical office Insee publishes industrial and manufacturing output for September. Industrial output is forecast to drop 0.3 percent on month, in contrast to a 0.3 percent rise in August.

At 3.00 am ET, consumer prices from the Czech Republic and foreign trade from Hungary are due. Czech inflation is seen at 2.3 percent in October, the same as seen in September.

At 4.30 am ET, the Office for National Statistics publishes UK quarterly and monthly GDP estimates. The economy is forecast to grow 0.6 percent sequentially following the 0.4 percent expansion seen in the second quarter.

Also, UK industrial and construction output and foreign trade reports are due. Economists forecast industrial output to drop 0.1 percent on month in September, reversing a 0.2 percent rise in August.

The UK visible trade deficit is seen at GBP 11.39 billion in September compared to August's GBP 11.19 billion.

In the meantime, Greece consumer price data is due for October. Inflation stood at 1.1 percent in September.

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