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European Economics Preview: Eurozone GDP Data Due

preview oct17 14aug20 lt

Flash quarterly national accounts data from euro area is due on Friday, headlining a busy day for the European economic news.

At 1.00 am ET, Statistics Finland releases consumer prices for July and economic output for June.

At 2.30 am ET, July producer prices data from Switzerland is due. Prices had decreased 3.5 percent annually in June.

At 2.45 am ET, the French statistical office Insee publishes final consumer prices for July. Inflation is expected to rise to 0.8 percent in July, as initially estimated, from 0.2 percent in June.

At 3.00 am ET, industrial production and retail sales figures are due from Turkey. Economists forecast output to rise 1.1 percent on year in June, reversing a 19.9 percent fall in May.

At 3.30 am ET, Dutch GDP data is due for the second quarter.

At 4.00 am ET, consumer prices and GDP are due from Poland. Economists forecast GDP to fall 9.6 percent sequentially in the second quarter, faster than the 0.4 percent drop in the first quarter.

At 5.00 am ET, Eurostat is set to publish euro area flash GDP estimate for the second quarter. According to preliminary estimate, the currency bloc contracted 12.1 percent.

In the meantime, euro area foreign trade data is also due. The trade surplus is forecast to rise to EUR 12.6 billion in June from EUR 9.4 billion in May.

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