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European Economics Preview: Eurozone Economic Confidence Data Due

preview oct30 26feb20 lt

Economic confidence data from euro area is due on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, retail sales from Norway and economic confidence from Turkey are due. Economists forecast Norway retail sales to grow 1.1 percent on month in January.

At 3.00 am ET, the National Institute of Economic Research publishes Sweden's economic tendency survey results.

In the meantime, flash inflation from Spain and unemployment from Hungary are due. Spain's inflation is forecast to remain unchanged at 1.1 percent in February.

Half an hour later, Statistics Sweden publishes retail sales, foreign trade and producer prices for January. Economists forecast sales to drop 0.9 percent on month, in contrast to a 0.5 percent rise in December.

At 4.00 am ET, the European Central Bank releases euro area private sector credit data. M3 money supply is forecast to grow 5.3 percent annually in January.

At 5.00 am ET, the European Commission is slated to publish monthly economic and business confidence survey results. The euro area economic confidence index is forecast to fall to 102.6 in February from 102.8 in January. The business climate index is seen at -0.28 versus -0.23 in January.

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