Industrial production from Germany and the UK are due on Friday, headlining a busy day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs is scheduled to issue the Swiss unemployment data for March. The jobless rate is forecast to fall to 3.4 percent in March from 3.6 percent in February.

At 2.00 am ET, Destatis is set to publish Germany's industrial output and foreign trade data for February. Industrial output is forecast to fall 0.2 percent on month in February, reversing a 2.8 percent rise in January.

Also, foreign trade data from Germany are due. Exports are forecast to fall 0.5 percent on month in February, reversing a 2.6 percent rise in January.

In the meantime, Norway's industrial production figures are due for February.

At 2.45 am ET, the French statistical office Insee releases industrial output data for February. Economists forecast production to climb 0.5 percent on month, in contrast to a 0.3 percent fall in January. Also, the French foreign trade data is due.

At 3.00 am ET, industrial production from Spain and foreign trade data from Hungary are due. Hungary's trade surplus is forecast to rise to EUR 910 million from EUR 633 million in January.

At 3.30 am ET, UK Halifax house prices data for March is due. Economists forecast house prices to increase 0.2 percent month-on-month in March, following a 0.1 percent rise in February.

At 4.00 am ET, Italy's retail sales data is due. Sales are forecast to drop 0.2 percent month-on-month in February, in contrast to a 1.4 percent rise in January.

At 4.30 am ET, UK industrial output figures are due. Production is expected to grow 0.2 percent in February, reversing a monthly 0.4 percent fall in January.

Also, the Office for National Statistics publishes UK construction output and external trade figures for February. The visible trade deficit is seen at GBP 10.9 billion compared to -GBP 10.83 billion in January.

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