Economic indicators from the UK, including monthly GDP estimates, industrial output, and foreign trade data, along with Germany's finalized inflation figures, are the key highlights to watch on Friday.
At 2:00 am ET, the UK’s Office for National Statistics will release data on GDP, industrial production, and trade performance. Analysts anticipate a 0.2% growth in the UK’s economy for August, following a stagnant performance in July. Industrial production in the UK is also predicted to increase by 0.2% for August, rebounding from a 0.8% decline in the previous month. Additionally, the trade deficit is projected to decrease to £18.8 billion from £20.0 billion the prior month.
Simultaneously, Germany’s statistical agency, Destatis, will release the final September inflation figures. Preliminary estimates indicated a deceleration in consumer price inflation to 1.6% from 1.9% in August, with the final data expected to confirm this preliminary figure.
At 3:00 am ET, Switzerland's State Secretariat for Economic Affairs will issue their consumer climate data.
