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

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typeContent_19130:::2024-09-06T05:38:00

European Economic News Preview: Germany Industrial Output, Foreign Trade Data Due

On Friday, significant economic updates are expected, including Germany's industrial production and foreign trade data, as well as housing price statistics from the UK.

At 2:00 AM ET, Destatis will release Germany's industrial production and foreign trade figures for July. Projections indicate a 0.4 percent decline in production compared to June's 1.4 percent increase. The trade surplus is anticipated to rise slightly to EUR 21 billion from EUR 20.4 billion in June.

At 2:45 AM ET, France's INSEE will report its external trade and current account figures. Analysts predict a 0.3 percent monthly decline in industrial production, reversing the 0.8 percent gain seen in June.

At 4:00 AM ET, Italy's ISTAT will publish retail sales data, with expectations of a 0.1 percent monthly increase, offsetting the 0.2 percent decrease in June.

At 5:00 AM ET, Eurostat will release revised GDP data for the euro area. Earlier estimates suggested a 0.3 percent quarter-on-quarter growth in the second quarter.

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