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European Economics Preview: Germany Industrial Production Data Due

European Economics Preview: Germany Industrial Production Data Due

Industrial production from Germany and revised quarterly national accounts from euro area are due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany’s factory orders data for July. Orders are forecast to grow 0.3 percent on month in July, in contrast to a 1.5 percent drop in June.

In the meantime, Statistics Norway releases industrial production data for July. Manufacturing output is forecast to climb 0.4 percent on month, reversing a 1 percent fall in June.

At 2.45 am ET, France’s foreign trade data is due. The trade deficit is seen falling to EUR 4.4 billion in July from EUR 5.18 billion in June.

At 3.00 am ET, industrial output and foreign trade figures from the Czech Republic and Hungary are due. The Czech industrial production is expected to climb 2.7 percent on year and Hungary’s output is expected to advance 6.9 percent annually in July.

At 3.30 am ET, UK Halifax house price data is due. Economists expect house prices to rise 0.2 percent on month in August, reversing a 0.2 percent drop in July.
At 4.30 am ET, the quarterly Inflation Attitudes survey from Bank of England/TNS is due.

At 5.00 am ET, Eurostat publishes euro area revised GDP data for the second quarter. According to preliminary estimate, the economy expanded 0.2 percent sequentially.
In the meantime, Italy’s retail sales data for July is due. Sales had increased 1.9 percent on month in June.

At 6.30 am ET, Russia’s central bank rate decision is due. The bank is expected to cut its benchmark rate by 25 basis points to 7.00 percent.

The material has been provided by InstaForex Company – www.instaforex.com