European Economics Preview: Eurozone Economic Confidence Data Due | 07/28/17

(RTTNews) – Economic confidence from euro area and consumer prices from Germany are due on Friday, headlining a busy day for the European economic news.

At 1.30 am ET, the French statistical office Insee releases GDP data. The economy is forecast to grow 0.5 percent sequentially in the second quarter.

At 2.00 am ET, Statistics Norway is scheduled to issue retail sales figures for June.

At 2.45 am ET, consumer prices and consumer spending reports are due from France. Inflation is seen at 0.7 percent in July. Economists forecast consumer spending to grow 1 percent on year in June.

At 3.00 am ET, Spain’s INE releases flash inflation, GDP and retail sales data. Economists expect inflation to remain unchanged at 1.5 percent in July. GDP is expected to climb 0.9 percent on quarter after rising 0.8 percent in the first quarter.

In the meantime, Swiss KOF leading index is due. The leading index is seen at 106 in July versus 105.5 in June.

At 3.30 am ET, Statistics Sweden is set to issue GDP and retail sales figures. The economy is expected to expand 0.9 percent sequentially in the second quarter, after rising 0.4 percent in the first quarter.

At 4.00 am ET, Norway’s NAV unemployment data is due. The jobless rate is seen at 2.8 percent in July versus 2.6 percent in June.

At 5.00 am ET, European Commission is scheduled to publish euro area economic sentiment survey results. Economists forecast the economic confidence indicator to fall to 110.8 in July from 111.1 in June.

At 6.30 am ET, Russia’s central bank announces its interest rate decision. The bank is forecast to hold its key rate at 9.00 percent.

At 8.00 am ET, Destatis publishes Germany’s flash consumer price data. Economists forecast inflation to ease marginally to 1.5 percent in July from 1.6 percent in June.

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