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European Economics Preview: Eurozone Inflation Data Due

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Inflation and unemployment from euro area and retail sales from Germany are due on Friday, headlining a hectic day for the European economic news.

At 2.00 am ET, Destatis is scheduled to release Germany's retail sales data for July. Sales are forecast to fall 1.4 percent on month, in contrast to a 3.5 percent rise in June.

In the meantime, UK Nationwide house price data is due. Economists forecast house price inflation to accelerate to 0.7 percent in August from 0.3 percent in July.

At 2.45 am ET, flash consumer prices for August and producer prices for July are due from the France's statistical office Insee. Consumer price inflation is forecast to slow marginally to 1 percent in August from 1.1 percent in July.

At 3.00 am ET, GDP figures are due from Hungary and the Czech Republic. The Czech economy is forecast to grow 2.7 percent annually in the second quarter.

At 4.00 am ET, Italy's Istat publishes unemployment data for July. Economists forecast the jobless rate to fall to 9.6 percent in July from 9.7 percent in June.

At 4.30 am ET, the Bank of England publishes mortgage approvals data for July. The number of mortgages approved in July is seen at 66,100 versus 66,400 in June.

At 5.00 am ET, Eurostat is set to release Eurozone flash inflation and unemployment figures. Inflation is expected to ease slightly to 1 percent in August from 1.1 percent in July. The unemployment rate is seen unchanged at 7.5 percent in July.

In the meantime, Istat issues Italy's flash consumer price figures for August. Inflation is seen slowing to 0.3 percent from 0.4 percent in July.

At 6.00 am ET, Italy's revised GDP data is due. According to preliminary estimate, GDP had remained flat in the second quarter.

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