European Economics Preview: U.K. GDP Data Due
July 26 2016 - 8:50PM
RTTF2
Quarterly national accounts from the U.K. and consumer
confidence from Germany are due on Wednesday, headlining a busy day
for the European economic news.
At 2.00 am ET, German GfK consumer sentiment survey results are
due. The forward-looking consumer sentiment index is seen falling
to 9.9 in August from 10.1 in July.
In the meantime, Swiss UBS consumption indicator is due for
June. The score was 1.35 in May.
At 2.45 am ET, the French statistical office Insee releases
consumer confidence survey results for July and producer prices for
June. The consumer sentiment index is expected to drop to 96 in
July from 97 in June.
At 3.00 am ET, retail sales from Spain and consumer sentiment
from Sweden are due. Spain's sales are forecast to grow 3.6 percent
annually in June after rising 2.8 percent in May.
At 3.30 am ET, Statistics Sweden is scheduled to issue foreign
trade data for June. The trade deficit stood at SEK 2.1 billion in
May.
At 4.00 am ET, the European Central Bank is set to publish euro
area money supply figures for June. Economists forecast M3 money
supply to grow 5 percent annually, following a 4.9 percent rise in
May.
In the meantime, Italy's business and consumer confidence survey
results are due. The business confidence index is expected to drop
to 102 in July from 102.8 in June. Similarly, the consumer
sentiment indicator is seen at 109.2, down from 110.2 a month
ago.
Half an hour later, the Office for National Statistics is
scheduled to release U.K. quarterly national accounts. The economy
is forecast to grow 0.5 percent sequentially in the second quarter,
faster than the 0.4 percent expansion seen in the previous
quarter.
At 6.00 am ET, the Confederation of British Industry releases
Distributive Trades survey data. The retail sales balance is seen
falling to 1 percent in July from 4 percent in June.
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