European Economic News Preview: UK Retail Sales, PSNB Data Due
20 September 2024 - 3:06AM
RTTF2
Retail sales and public sector finance from the UK and business
confidence from France are due on Friday, headlining a light day
for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK
retail sales and public sector finance figures. Retail sales are
forecast to grow 0.3 percent on month in August after a 0.5 percent
gain in July. The budget deficit is seen widening to GBP 12.1
billion in August from GBP 2.18 billion in the previous month.
In the meantime, Destatis publishes Germany's producer prices
for August. Economists forecast producer prices to fall 1.0 percent
annually after a 0.8 percent drop in July.
At 2.45 am ET, France's statistical office INSEE publishes
business confidence survey data. The manufacturing sentiment index
is seen unchanged at 99 in September.
At 10.00 am ET, the European Commission is slated to issue euro
area flash consumer sentiment survey data. The confidence index is
forecast to improve to -13.0 in September from -13.5 in August.
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