Revised quarterly national accounts data from euro area is due on Friday, headlining a busy day for the European economic news.
At 2.00 am ET, Destatis is slated to publish Germany's GDP data and final consumer prices. The economy is forecast to grow 0.6 percent sequentially in the first quarter, faster than the prior quarter's 0.3 percent increase.
Germany's final consumer prices are forecast to fall 0.1 percent annually in April as initially estimated.
In the meantime, the European Automobile Manufacturers Association is set to issue new car registrations for April. Europe's registration had increased 6 percent in March.
Also, Finland's consumer prices data for April is due. Prices had remained flat on a yearly basis in March.
At 3.00 am ET, Spain's statistical office INE publishes final consumer prices for April. Economists expect the statistical office to confirm a 1.1 percent annual fall in consumer prices.
Also, Hungary's GDP data is due. The economy is forecast to grow 2.4 percent on a yearly basis in the first quarter after rising 3.2 percent a quarter ago.
At 4.00 am ET, preliminary GDP data is due from Italy and Poland. Italy is expected to expand 0.3 percent from a quarter ago, when it gained 0.1 percent.
Half an hour later, the Office for National Statistics publishes construction output for March. Economists expect U.K. construction output to rise 3.2 percent on a monthly basis, following a 0.3 percent drop in February.
At 5.00 am ET, Eurostat releases Eurozone GDP data. The economy is forecast to grow 0.6 percent on quarter as initially estimated in the first quarter.
In the meantime, Italy's final consumer prices are due. The annual decline in consumer prices is forecast to match the flash estimate of 0.4 percent in April.
by RTT Staff Writer
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