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European Economics Preview: Germany Factory Orders Data Due

preview feb06 lt

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

At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders for December. Orders are forecast to climb 0.6 percent on month, reversing a 1.3 percent drop in November.

At 3.00 am ET, European Central Bank President Christine Lagarde is set to speak at the European Parliament in Brussels.

In the meantime, the Czech Statistical Office releases industrial output and foreign trade figures. Industrial output is expected to drop 1.4 percent on year, slower than the 3.2 percent decrease seen in November.

Industrial production figures are due from Hungary at 3.00 am. Production is forecast to climb 3.9 percent on year after rising 3.6 percent in November.

At 4.00 am ET, the European Central Bank releases monthly economic bulletin.

At 5.00 am ET, EU publishes quarterly economic forecasts. Also, Greece unemployment data is due.

At 7.00 am ET, the Czech National Bank announces its monetary policy decision. The bank is expected to hold its key rate at 2.00 percent.

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