Quarterly national accounts from the UK and flash consumer prices from euro area are due on Friday, headlining a busy day for the European economic news.
At 1.30 am ET, the French statistical office Insee is scheduled to issue flash GDP data for the first quarter. The economy is forecast to grow 0.4 percent sequentially.
At 2.00 am ET, Destatis is set to publish Germany's retail sales and foreign trade prices for March. Economists forecast sales to remain flat on month following a 1.8 percent rise in February.
In the meantime, UK Nationwide house price data for April is due. House prices are forecast to rise 0.1 percent month-on-month, reversing a 0.3 percent fall in March.
At 2.45 am ET, the French statistical office Insee publishes consumer spending, consumer and producer price figures. Inflation is seen rising to 1.2 percent in April from 1.1 percent in March.
At 3.00 am ET, GDP and retail sales from Spain, producer prices and unemployment from Hungary are due. Spain's GDP is forecast to grow 0.7 percent sequentially in the first quarter.
At 3.30 am ET, Statistics Sweden is scheduled to issue retail sales for March. Economists forecast sales to grow 0.2 percent on month, the same pace of growth as seen in February.
At 4.00 am ET, the European Central Bank releases M3 data. Economists expect money supply to grow 4.7 percent annually in March.
At 4.30 am ET, the Office for National Statistics publishes UK GDP data for the first quarter. The economy is expected to grow 0.4 percent from the fourth quarter, when it grew 0.7 percent.
At 5.00 am ET, Eurostat releases euro area flash inflation figures. Economists forecast inflation to accelerate to 1.8 percent in April from 1.5 percent in March.
In the meantime, preliminary consumer price data is due from Italy. Italy's CPI is forecast to rise 1.6 percent on year in April after climbing 1.4 percent in March.
At 6.30 am ET, Russia's central bank announces its interest rate decision. The bank is expected to cut its key rate to 9.50 percent from 9.75 percent.
At 8.00 am ET, Poland's consumer prices for April are due. Economists forecast prices to rise 2 percent on year in April.
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
