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FX.co ★ European Economic News Preview: Germany Industrial Output Data Due

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typeContent_19130:::2024-12-06T05:19:00

European Economic News Preview: Germany Industrial Output Data Due

On Friday, significant European economic updates are anticipated, with Germany's industrial production and the euro area's revised GDP figures taking center stage.

At 2:00 AM ET, Destatis will release the data on Germany's industrial output. Analysts predict a 1.0 percent increase in production for October, following a notable 2.5 percent decline in September.

Simultaneously, the UK will publish the Halifax house price index. It's projected that house prices rose by 3.6 percent year-on-year in November, a slight deceleration from the 3.9 percent growth recorded in October.

At 2:45 AM ET, France will report its current account and external trade balances. The trade deficit is anticipated to be EUR 8 billion in October, marginally improving from the EUR 8.3 billion deficit observed in September.

Then, at 4:00 AM ET, Italy's national statistics institute, ISTAT, will present retail sales figures for October. Sales are expected to climb by 0.9 percent month-on-month, building on a 1.2 percent increase in September.

Finally, at 5:00 AM ET, Eurostat will release the revised GDP data for the euro area for the third quarter. Preliminary estimates indicated a sequential growth of 0.4 percent for the region's economy.

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