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European Economics Preview: UK Monthly GDP Data Due


Monthly GDP estimate from the UK and foreign trade from Germany are due on Monday, headlining a busy day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs is slated to release Swiss unemployment data. The jobless rate is forecast to remain unchanged at 2.3 percent in August.

At 2.00 am ET, Destatis releases Germany's foreign trade figures for July. Exports are forecast to fall 0.5 percent on month and imports to drop 0.3 percent.

In the meantime, national accounts data for July is due from Statistics Norway.

At 4.00 am ET, Eurozone Sentix investor confidence data is due. Economists forecast the confidence index to fall to -16 in September from -13.7 in August.

At 4.30 am ET, the Office for National Statistics releases UK monthly GDP estimate, industrial production and foreign trade data. The economy is forecast to expand 0.1 percent on month in July after staying flat a month ago. Economists forecast industrial output to remain flat month-on-month in July.

The UK visible trade deficit is expected to widen to GBP 9.8 billion in July from GBP 7 billion in June.

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