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European Economics Preview: UK Monthly GDP Data Due


Monthly GDP, industrial production and foreign trade reports are due from the UK on Wednesday, headlining a busy day for the European economic news.

At 1.00 am ET, Statistics Finland releases industrial production data for May.

At 2.00 am ET, consumer price data is due from Norway. Inflation is forecast to ease to 2.1 percent in June from 2.5 percent in May.

At 2.45 am ET, France's Insee is scheduled to issue industrial production for May. Industrial output is expected to climb 0.3 percent on month, following a 0.4 percent rise in April.

At 4.00 am ET, Italy's Istat publishes industrial production data for May. Economists forecast output to grow 0.2 percent on month, reversing a 0.7 percent fall in April.

At 4.30 am ET, the Office for National Statistics releases UK monthly GDP data, industrial production and foreign trade figures.

The UK economy is forecast to grow 0.3 percent on month in May, reversing a 0.4 percent fall in April. Economists forecast industrial output to grow 1.5 percent month-on-month in May in contrast to a 2.7 percent decrease in the previous month.

The UK visible trade deficit is seen widening to GBP 12.55 billion in May from GBP 12.11 billion in April.

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