European Economic News

European Economics Preview: German Consumer, Business Confidence Data Due

A slew of statistical reports are due from Germany on Friday that include both consumer and business sentiment survey results.

At 2.00 am ET, Destatis is slated to release Germany's quarterly national accounts. According to flash estimates, GDP was up 0.1 percent sequentially in the first quarter.

In the meantime, Germany's GfK consumer sentiment figures are due. The forward-looking index is seen unchanged at 6.2 in June.

At 2.45 am ET, the French statistical office Insee is scheduled to release business sentiment survey data. The indicator is expected rise marginally to 89 in May from 88 in April.

At 3.00 am ET, Spain's INE is slated to issue producer price data for April. Producer prices increased 0.5 percent year-on-year in March.

At 4.00 am ET, Germany's Ifo business confidence survey results are due. Business sentiment is forecast to remain unchanged at 104.4 in May. Both current conditions and expectations indices are expected to stay unchanged in May.

Also, Poland's retail sales and unemployment reports are due. Economists forecast sales to grow 1.1 percent annually and unemployment to fall to 13.9 percent in April.

At 4.30 am ET, British Bankers' Association is set to release mortgage approvals for April. The number of mortgage approvals is seen rising to 32,800 from 31,227 in March.

At 5.00 am ET, Italy's statistical office is scheduled to publish hourly wages for April. Wages were up 1.4 percent year-on-year in March.

by RTTNews Staff Writer

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