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FX.co ★ European Economic News Preview: UK Retail Sales Data Due

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typeContent_19130:::2024-08-16T06:26:00

European Economic News Preview: UK Retail Sales Data Due

Retail sales in the UK and foreign trade data from the euro area are the main economic highlights scheduled for Friday.

At 2:00 AM ET, the Office for National Statistics will release the UK's retail sales figures for July. Analysts anticipate a 0.5 percent month-to-month increase, which would counteract the 1.2 percent decline observed in June.

At 2:30 AM ET, data on Switzerland's industrial output is expected. Predictions indicate a 2.9 percent annual decrease, following a 3.1 percent drop in the first quarter.

At 3:00 AM ET, the Czech Statistical Office will report producer prices for July. Economists project a 1.1 percent annual growth, slightly up from the 1.0 percent rise seen in June.

At 5:00 AM ET, Eurostat is set to publish foreign trade data for the euro area for June. The trade surplus is expected to decrease to EUR 13.3 billion, down from EUR 13.9 billion in May.

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