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European Economics Preview: UK Public Sector Finance Data Due

preview jan22 lt

Public sector finance from the UK is due on Wednesday, headlining a light day for the European economic news.

At 2.45 am ET, France's Insee is scheduled to issue manufacturing confidence survey results. The sentiment index is forecast to fall to 101 in January from 102 in December.

At 4.00 am ET, industrial production and producer prices are due from Poland. Industrial output is expected to grow 5.8 percent on year in December, faster than the 1.4 percent rise in November. Producer prices are forecast to climb 0.9 percent.

In the meantime, Italy's Istat releases industrial output and turnover data.

At 4.30 am ET, the Office for National Statistics is scheduled to release UK public sector finance data for December. Economists forecast the budget deficit to narrow to GBP 5.2 billion from GBP 5.6 billion in November.

At 6.00 am ET, the Confederation of British Industry publishes quarterly Industrial Trends survey data. The order book balance is forecast to rise to -25 percent in January from -28 percent in December.

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