European Economics Preview: Eurozone Flash Inflation Data Due
Flash inflation and unemployment from Eurozone and retail sales from Germany are the major statistical reports due on Friday, headlining a hectic day for European Economic news.
At 2.00 am ET, the Federal Statistical Office is scheduled to issue German retail sales. Economists forecast retail sales to fall 0.5 percent month-on-month in August, following a 0.3 percent rise in July. On a yearly basis, retail sales are forecast to fall 1 percent.
The French statistical office Insee is set to publish consumer spending and producer prices for August. Monthly increase in consumer spending is seen at 0.1 percent, down sharply from 1.2 percent rise in July. Producer price annual inflation is forecast to ease to 5.9 percent from 6.1 percent in July.
Denmark's GDP, Norway unemployment and Turkish trade balance are due at 3.00 am ET. The Danish economy is forecast to expand 0.8 percent sequentially in the second quarter. Turkey's trade deficit is seen at $7.1 billion in August, smaller than the $9.01 billion shortfall in July.
The Italian statistical office Istat is slated to issue unemployment data for the second quarter. The jobless rate is expected to fall to 8 percent from 8.2 percent in the first quarter.
Eurozone flash inflation and jobless figures are due at 5.00 am ET. Inflation is expected to remain unchanged at 2.5 percent in September. The jobless rate is seen at 10 percent in August.
In the meantime, Italy's inflation data is due. Annual inflation is forecast to rise slightly to 2.9 percent from 2.8 percent in August.
At 5.30 am ET, Swiss KOF leading index is due. The indicator is expected to ease to 1.3 in September from 1.61 in August.
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