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European Economics Preview: Germany's Industrial Output, Trade Data Due


Industrial production and foreign trade figures from Germany are due on Friday, headlining a busy day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs publishes Swiss unemployment data. The jobless rate is expected to remain unchanged at 2.4 percent in May.

At 2.00 am ET, Destatis is slated to publish Germany's industrial output and external trade data. Industrial production is forecast to fall 0.2 percent on month in April, following a 0.5 percent rise in March.

Germany's exports are forecast to fall 0.9 percent on month and imports to decline 0.2 percent in April.

In the meantime, Statistics Norway releases industrial output and GDP data. Manufacturing output is forecast to gain 0.4 percent on month in April.

At 2.45 am ET, France's industrial production and foreign trade figures are due. Economists forecast industrial output to grow 0.4 percent on month in April, in contrast to a 0.9 percent fall in March.

At 3.00 am ET, the Hungarian Central Statistical Office is set to publish consumer prices and foreign trade figures. Inflation is seen unchanged at 3.9 percent in May.

Half an hour later, UK Halifax house price data is due. Economists forecast house prices to remain flat on month in May, after rising 1.1 percent in April.

At 4.00 am ET, Italy's Istat publishes retail sales data for April.

At 4.30 am ET, Bank of England/TNS Inflation Attitudes Survey results are due.

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