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European Economics Preview: UK GDP, Foreign Trade Data Due

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Monthly real gross domestic product, industrial production and foreign trade figures are due from the UK on Monday, headlining a busy day for the European economic news.

At 2.00 am ET, the Office for the National Statistics is scheduled to issue the UK monthly GDP data, industrial output and foreign trade figures. Economists forecast the economy to grow 0.3 percent on month in July, in contrast to the 0.6 percent fall in June.

UK industrial production is seen rising 0.4 percent, after easing 0.9 percent a month ago. The total trade deficit is expected to narrow to GBP 22.3 billion in July from GBP 22.8 billion in June.

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