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European Economics Preview: Eurozone Economic Confidence Data Due

preview nov28 lt

Economic confidence from euro area and consumer prices from Germany are due on Thursday, headlining a busy day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs is scheduled to issue Swiss GDP data. The economy is forecast to grow 0.2 percent sequentially in the third quarter, following a 0.3 percent rise in the previous quarter.

At 2.00 am ET, UK Nationwide house price data is due. Economists forecast house prices to grow 0.2 percent on year in November, slower than the 0.4 percent increase seen in October.

At 3.00 am ET, flash consumer prices and retail sales from Spain are due.

In the meantime, the National Institute of Economic Research is slated to release Swedish economic confidence survey results. The economic tendency index is seen at 93.4 in November versus 93.6 a month ago.

Half an hour later, Statistics Sweden publishes October retail sales data. Economists forecast sales to remain flat on month after rising 0.3 percent in September.

At 4.00 am ET, the European Central Bank releases euro area money supply data. M3 growth is seen unchanged at 5.5 percent in October.

At 5.00 am ET, the European Commission is set to issue economic confidence survey data. The euro area economic confidence index is forecast to rise to 101 in November from 100.8 in October.

At 8.00 am ET, flash consumer price data is due from Germany. Inflation is forecast to rise slightly to 1.2 percent in November from 1.1 percent in October.

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