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European Economics Preview: Germany Factory Orders Data Due

preview dec06 lt

Factory orders data from Germany is due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's industrial output data for October. Economists forecast production to rise 0.1 percent on month, in contrast to a 0.6 percent fall in September.

In the meantime, Norway's industrial production data for October is due.

At 2.45 am ET, current account and foreign trade reports from France are due. The trade deficit is expected to narrow to EUR 5 billion in October from EUR 5.5 billion in September.

At 3.00 am ET, the Hungarian Central Statistical Office is slated to release industrial production data for October. Output growth is seen easing to 6.7 percent from 9 percent in September.

Half an hour later, industrial production data from Sweden is due.

In the meantime, UK Halifax house price data is due. Economists forecast house prices to increase 1 percent on year in November, faster than the 0.9 percent rise seen in October.

At 4.00 am ET, Italy's Istat releases retail sales for October. Economists forecast sales to grow 0.5 percent on month, slower than the 0.7 percent increase in September.

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