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FX.co ★ European Economic News Preview: UK GDP Data Due

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typeContent_19130:::2024-12-23T05:19:00

European Economic News Preview: UK GDP Data Due

On Monday, the primary focus in European economic news is the quarterly GDP data from the UK, marking a relatively quiet day for significant economic reports.

At 2:00 AM ET, the UK's Office for National Statistics will publish the GDP figures. It is anticipated that the economy will show a slight growth of 0.1 percent for the third quarter, as previously estimated, following a more robust expansion of 0.5 percent in the second quarter.

Simultaneously, Germany's import price index for November will be released by Destatis. Economists predict a monthly increase of 0.5 percent, which is slightly less than the 0.6 percent rise observed in October.

At 3:00 AM ET, Spain's national statistics office, INE, will unveil the country's GDP data for the third quarter, with initial figures indicating consistent growth at a rate of 0.8 percent.

By 4:00 AM ET, Italy is set to release its trade data concerning non-EU countries.

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