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European Economics Preview: UK GDP, Industrial Output Data Due

preview jun10 lt

Monthly GDP estimate, industrial production and foreign trade figures are due from the UK on Monday, headlining a light day for the European economic news.

At 1.00 am ET, Statistics Estonia publishes foreign trade data for April.

At 4.00 am ET, Italy's Istat releases April industrial production data. Output had decreased 0.9 percent on month in March.

At 4.30 am ET, the Office for National Statistics publishes UK GDP and industrial output data. The economy is forecast to expand 0.4 percent in three months to April from the previous three months.

Economists forecast UK industrial output to fall 1 percent month-on-month in April, reversing a 0.7 percent rise in March. Meanwhile, construction output is expected to grow 0.5 percent, in contrast to a 1.9 percent drop a month ago.

The UK foreign trade data is also due at 4.30 am ET. The visible trade deficit is seen at GBP 13 billion in April compared to GBP 13.65 billion a month ago.

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