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FX.co ★ European Economic News Preview: German Unemployment Data Due

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typeContent_19130:::2024-09-27T06:59:00

European Economic News Preview: German Unemployment Data Due

Key economic indicators from Germany and the euro area are scheduled for release on Friday. Unemployment figures and economic sentiment surveys will be the focal points.

At 2:45 AM ET, France will release its preliminary inflation, consumer spending, and producer price data. The consumer price inflation rate is anticipated to decrease to 1.6% in September from 1.8% in August. Economists predict a 0.1% drop in consumer spending for August, contrasting with a 0.3% rise in July.

At 3:00 AM ET, Spain's National Statistics Institute (INE) will publish revised GDP figures along with preliminary consumer price data. The inflation rate is expected to slow to 1.9% in September from 2.3% in August.

Unemployment data from Germany will be available at 3:55 AM ET, with forecasts suggesting an increase of 13,000 unemployed individuals in September, following a rise of 2,000 in August.

The Eurozone economic sentiment survey results will be released at 5:00 AM ET, with the economic confidence index expected to decline slightly to 96.5 in September from 96.6 in August. Additionally, at 6:00 AM ET, the Confederation of British Industry will release its Distributive Trades survey results.

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