European Economics Preview: U.K. GDP Data Due
April 26 2016 - 9:42PM
RTTF2
Quarterly national accounts from the U.K. and consumer sentiment
from Germany are due on Wednesday, headlining a busy day for the
European economic news.
At 2.00 am ET, Germany's GfK consumer confidence survey results
are due. The forward-looking consumer sentiment index is seen
unchanged at 9.4 in May.
In the meantime, Germany's import prices are due. Economists
forecast import prices to fall 6.3 percent annually in March after
easing 5.7 percent in February.
Also, Swiss UBS consumption indicator is due for March at 2.00
am ET.
At 2.45 am ET, the French statistical office Insee is scheduled
to publish consumer sentiment survey data. The indicator is
forecast to rise marginally to 95 in April from 94 in March.
At 3.00 am ET, retail sales from Spain and consumer confidence
from Sweden are due. Sales are forecast to grow at a slower pace of
3.4 percent year-on-year in March after expanding 7.4 percent in
February.
Sweden's economic tendency survey index is forecast to drop to
106.1 in April from 106.6 in March.
Half an hour later, Statistics Sweden publishes foreign trade
data. The trade surplus is seen at SEK 1.7 billion compared to
February's SEK 0.2 billion shortfall.
At 4.00 am ET, the European Central Bank releases money supply
data for March. M3 is forecast to grow 5 percent annually in March,
the same rate of growth as seen in February.
Also, Italy's business and consumer sentiment survey results are
due. Economists forecast the business sentiment index to fall to
102 in April from 102.2 in March. Similarly, the consumer
confidence indicator is seen unchanged at 115 in April.
At 4.30 am ET, the Office for National Statistics releases U.K.
first quarter GDP data. The economy is forecast to grow 0.4 percent
sequentially following the fourth quarter's 0.6 percent
expansion.
At 6.00 am ET, the Confederation of British Industry publishes
Distributive Trades survey results. The retail sales balance is
forecast to rise to 13 percent in April from 7 percent in
March.
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