The Bank of England is set to announce the outcome of its monetary policy meeting along with minutes and quarterly Inflation Report. Factory orders from Germany and retail sales from euro area are also due on Thursday, headlining a busy day for the European economic news.
At 2.00 am ET, Destatis releases German factory orders for September. Factory orders are forecast to grow 1 percent month-on-month in September after falling 1.8 percent in August.
At 3.00 am ET, retail sales figures are due from the Czech Republic and Hungary. Economists forecast Czech retail sales to grow 4 percent annually and Hungary’s sales to rise 5 percent in September.
At 3.15 am ET, Swiss consumer prices are due. Prices are forecast to fall 1.4 percent on a yearly basis in October.
Statistics Sweden releases industrial output and orders for September at 3.30 am ET. Output is expected to drop 0.5 percent month-on-month in September after rising 4.7 percent in August.
At 4.00 am ET, Norges Bank announces its interest rate decision. In the meantime, the European Central Bank releases its economic bulletin.
Eurostat is slated to issue retail sales data at 5.00 am ET. Eurozone sales are forecast to grow 0.2 percent on a monthly basis in September after staying flat in August.
The Bank of England is expected to keep its key rate unchanged at 0.50 percent at its meeting. The announcement is due at 7.00 am ET. The bank will also update its inflation and growth outlook for the U.K. economy.
The material has been provided by InstaForex Company – www.instaforex.com