Industrial production and consumer spending figures from France, along with retail sales data from Italy, are set to headline the European economic news scheduled for release on Friday.
At 1:45 AM Eastern Time, the State Secretariat for Economic Affairs will unveil the Swiss unemployment statistics for December. It is anticipated that the unemployment rate will rise marginally, reaching 2.7% compared to 2.6% in the preceding month. Then, at 2:45 AM Eastern Time, France's statistics office, INSEE, will publish November’s industrial output and consumer spending data. Economists predict a 0.1% monthly decrease in industrial production, mirroring the decline observed in October. Meanwhile, consumer spending is expected to increase by 0.1% month-on-month, rebounding from a 0.4% decrease in the previous month.
At 3:00 AM Eastern Time, Spain's statistical institute INE is slated to release its industrial production figures for November.
Following this, at 4:00 AM Eastern Time, Italy's statistics office, ISTAT, will release the monthly retail sales data. Analysts forecast a 0.2% growth in retail sales for November, indicating a turnaround from the 0.5% decrease recorded in October.
