European Economics Preview: Eurozone Economic Confidence Data Due
27 November 2015 - 12:20PM
RTTF2
Economic confidence from euro area and revised quarterly
national accounts from the U.K. are due on Friday, headlining a
busy day for the European economic news.
At 2.00 am ET, Destatis is slated to publish Germany's import
price data. Import prices are forecast to decline 3.9 percent
year-on-year in October after falling 4 percent in September.
At 2.45 am ET, the French statistical office Insee publishes
consumer spending and producer prices for October. Household
spending is seen falling 0.1 percent on a monthly basis in
October.
At 3.00 am ET, flash consumer prices from Spain and unemployment
from Hungary are due. Consumer prices are forecast to fall 0.5
percent year-on-year in November. Economists forecast Hungary's
jobless rate to fall to 6.2 percent in October from 6.4 percent in
September.
Half an hour later, Sweden's retail sales figures are due.
Retail sales are forecast to rise 0.6 percent on a monthly basis in
October after increasing 0.7 percent in September.
At 4.00 am ET, Italy's consumer and business confidence figures
are due. The consumer confidence is seen falling to 116.5 in
November and business confidence to drop to 106.
In the meantime, retail sales and unemployment reports are due
from Norway.
At 4.30 am ET, the Office for National Statistics releases U.K.
GDP data. The statistical office is expected to confirm 0.5 percent
sequential growth for the third quarter.
Half an hour later, European Commission is scheduled to issue
economic confidence survey results. The euro area economic
sentiment index is forecast to remain unchanged at 105.9 in
November. The business confidence index is seen at 0.45 versus 0.44
in October.
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