Final consumer price inflation and wholesale prices from Germany are due on Friday, headlining a light day for the European economic news.
At 2.00 am ET, Germany’s statistical office Destatis is set to publish consumer prices and wholesale price data. Consumer price inflation is forecast to match the flash estimate of 0.2 percent in August and harmonized inflation at 0.1 percent as earlier estimated. Wholesale prices for July declined 0.5 percent year-on-year in July.
At 3.00 am ET, final consumer prices are due from Spain. According to preliminary estimate, consumer prices and harmonized prices fell 0.4 percent each on a yearly basis in August.
At 3.30 am ET, Statistics Sweden releases final GDP data and unemployment figures. The jobless rate is forecast to rise to 6.8 percent in August from 6.5 percent in July.
Half an hour later, Italy’s industrial output data is due. Production is expected to drop 0.8 percent month-on-month in July reversing a 1.1 percent fall in June.
At 4.30 am ET, the Office for National Statistics is set to issue U.K. construction output for July. Output is expected to rise 0.5 percent month-on-month in July after increasing 0.9 percent in June.
At 6.30 am ET, Russia’s central bank is scheduled to announce its interest rate decision. The bank is widely expected to keep its benchmark rate at 11 percent.
The material has been provided by InstaForex Company – www.instaforex.com