European Economic News Preview: UK GDP Data Due
30 Giugno 2023 - 3:48AM
RTTF2
Quarterly national accounts from the UK and flash inflation from
France and euro area are due on Friday, headlining a hectic day for
the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK
quarterly GDP, balance of payments and current account figures. The
initial estimates showed that the economy expanded 0.1 percent
sequentially in the first quarter.
In the meantime, Destatis is scheduled to publish Germany's
retail sales, unemployment and import prices for May. Sales are
forecast to remain flat on month in May, following a 0.8 percent
gain in April. At the same time, import prices are expected to
decline 9.2 percent annually after a 7.0 percent fall.
At 2.45 am ET, France's statistical office INSEE releases flash
consumer prices, producer prices and consumer spending figures.
Consumer price inflation is seen at 4.6 percent in June, weaker
than May's 5.1 percent. Economists forecast consumer spending to
grow 0.6 percent in June, in contrast to the 1.0 percent fall in
April. At 3.55 am ET, Germany's unemployment data is due from the
labor agency. The number of people out of work is forecast to
increase 15,000 in June after rising 9,000 in May.
At 4.00 am ET, unemployment and non-EU foreign trade figures are
due from Italy. The jobless rate is seen rising to 7.9 percent in
May from 7.8 percent in April.
At 5.00 am ET, Eurostat publishes euro area flash inflation and
unemployment data. Economists forecast inflation to slow to 5.6
percent in June from 6.1 percent in May. The jobless rate is
expected to remain unchanged at 6.5 percent in May.
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