Key economic indicators from the euro area, including unemployment rates and economic confidence survey results, along with quarterly national accounts from Switzerland, will headline a busy day for European economic news on Thursday.
At 3:00 AM ET, the State Secretariat for Economic Affairs in Switzerland will release the country's GDP data. Analysts predict the Swiss economy will grow by 0.3% sequentially in Q1, maintaining the same growth rate observed in Q4 of 2023.
Additionally, revised GDP figures from Sweden and Swiss foreign trade statistics will be published.
Simultaneously, Spain's INE is set to announce its preliminary inflation figures for May. Experts expect consumer price inflation to edge up to 3.7%, a rise from 3.3% in April.
At 4:00 AM ET, Italy's Istat will release the unemployment data for April. The jobless rate is projected to increase slightly to 7.3%, from 7.2% in March.
By 5:00 AM ET, the European Commission will unveil the euro area economic sentiment survey results. The economic confidence index is anticipated to rise to 96.2 in May, compared to 95.6 in the previous month.
Moreover, Eurostat will release unemployment data for the euro area. Economists expect the jobless rate to remain steady at 6.5% in April.
