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European Economics Preview: UK Retail Sales Data Due

preview oct17 lt

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

At 2.00 am ET, Swiss foreign trade data is due for September. The trade surplus is forecast to rise to CHF 2.4 billion from CHF 1.58 billion in August.

At 3.30 am ET, Statistics Sweden is scheduled to issue unemployment figures. Economists forecast the jobless rate to fall to 6.7 percent in September from 7.1 percent in August.

Half an hour later, average gross wages are due from Poland. Average gross wages are expected to climb 7.1 percent annually in September after expanding 6.8 percent in August.

At 4.30 am ET, the Office for National Statistics releases UK retail sales data for September. Sales are forecast to grow 2.9 percent on month, faster than the 2.2 percent increase in August.

In the meantime, Bank of England is set to publish Credit Conditions Survey results for the third quarter.

At 5.00 am ET, Eurostat is slated to issue euro area construction output figures for August.

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