European Economics Preview: UK Retail Sales, Public Sector Finance Data Due
May 21 2020 - 8:22PM
RTTF2
Retail sales and public sector finance reports from the UK are
due on Friday, headlining a light day for the European economic
news.
At 2.00 am ET, the Office for National Statistics publishes UK
retail and government borrowing figures for April. Economists
forecast retail sales including auto fuel to decline 16 percent on
a monthly basis after easing 5.1 percent in March.
The UK budget deficit is expected to widen to GBP 35 billion in
April from GBP 2.33 billion in March.
At 3.00 am ET, Spain's INE releases industrial order data for
March. In the meantime, manufacturing confidence survey results are
due from Turkey.
At 4.00 am ET, Poland's retail sales data for April is due.
Sales are forecast to decrease 16.9 percent annually in April
following a 7.1 percent drop in March.
At 7.30 am ET, the European Central Bank is set to issue the
account of the monetary policy meeting of the governing council
held on April 29 and 30.
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