European Economics Preview: Germany's Industrial Output Data Due
April 06 2017 - 9:11PM
RTTF2
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.
Sterling vs Yen (FX:GBPJPY)
Forex Chart
From Mar 2024 to Apr 2024
Sterling vs Yen (FX:GBPJPY)
Forex Chart
From Apr 2023 to Apr 2024