European Economic News Preview: UK GDP, Mortgage Approvals Data Due
30 September 2024 - 3:38AM
RTTF2
Revised quarterly national accounts and mortgage approvals from
the UK and flash inflation from Germany are due on Monday,
headlining a busy day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK
GDP and business investment data. The initial estimate showed that
the UK economy grew 0.6 percent in the second quarter after rising
0.7 percent in the preceding period.
In the meantime, UK Nationwide house price data is due.
Also, Destatis publishes Germany's import prices and retail
sales figures. Import prices are forecast to fall 0.4 percent on
month in August.
At 4.30 am ET, the Bank of England is set to issue UK mortgage
approvals for August. The number of mortgage approvals is expected
to rise to 64,000 after an increase of 61,999 in the prior
month.
At 5.00 am ET, Italy's ISTAT releases flash inflation data for
September.
At 8.00 am ET, Destatis releases Germany's flash inflation data
for September. Economists expect inflation to slow to 1.5 percent
from 1.9 percent in August.
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