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European Economics Preview: UK Retail Sales Data Due


Retail sales data from the UK is due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, foreign trade data is due from Norway. In the meantime, Finland's industrial turnover data is due.

Half an hour later, Swiss producer and import price figures are due. Economists forecast producer and import prices to drop 1.7 percent annually in July after easing 1.4 percent in June.

At 3.00 am ET, the Turkish Statistical Institute is scheduled to issue unemployment data for May. The jobless rate is forecast to drop to 12.7 percent in May from 13 percent in April.

At 4.00 am ET, Norges Bank is set to announce its interest rate decision. The bank is expected to hold its key rate at 1.25 percent.

Half an hour later, the Office for National Statistics is scheduled to release UK retail sales data. Economists forecast retail sales to fall 0.2 percent on month in July following a 1 percent rise in June.

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