European Economic News Preview: German Unemployment, Retail Sales Data Due
29 November 2024 - 2:59AM
RTTF2
Unemployment and retail sales from Germany and flash inflation
from the euro area are due on Friday, headlining a hectic day for
the European economic news.
At 2.00 am ET, Destatis releases Germany's import prices and
retail sales figures for October. Sales are forecast to fall 0.5
percent on month, following a 1.2 percent rise in September. Import
prices are seen easing 1.2 percent annually after a 1.3 percent
decrease.
At 2.45 am ET, France's statistical office INSEE publishes GDP,
flash inflation, consumer spending and producer price figures. The
statistical office is expected to confirm 0.4 percent sequential
GDP growth for the third quarter. Consumer price inflation is seen
at 1.5 percent in November compared to 1.2 percent in October.
At 3.00 am ET, GDP data is due from Switzerland. The economy is
forecast to grow 0.4 percent sequentially in the third quarter,
slower than the 0.7 percent increase in the preceding period.
At 3.55 am ET, the Federal Labor Agency publishes Germany's
unemployment data. The jobless rate is forecast to remain unchanged
at 6.1 percent in November.
At 4.30 am ET, the Bank of England is slated to release UK
mortgage approvals for October. The number of approvals is expected
to fall to 65,000 from 65,650 in the prior month.
At 5.00 am ET, Eurostat releases euro area inflation data for
November. Flash inflation is expected to climb to 2.3 percent from
2.0 percent in October.
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