The European economic news on Friday is set to feature significant updates, with the release of the UK's monthly GDP data, foreign trade details, and final inflation rates from France and Spain.
At 2:00 a.m. Eastern Time, the UK Office for National Statistics will publish the country's GDP, industrial production, and foreign trade statistics. Analysts anticipate that the GDP will show a slight growth of 0.1% in October, compensating for a similar decline seen in September. The visible trade deficit is expected to narrow slightly to £16.1 billion, down from £16.3 billion noted in the previous month.
Simultaneously, Destatis will provide Germany's external trade and wholesale price information for November. Projections suggest that Germany's trade surplus will decrease to €15.7 billion in October, compared to €17.0 billion in September.
France's statistical office, INSEE, will release its final figures on consumer and harmonized prices for November at 2:45 a.m. Eastern Time. Initially pegged at 1.3%, inflation is slightly up from 1.2% in October.
Following this, at 3:00 a.m. Eastern Time, Spain's National Statistics Institute (INE) will reveal its consumer and harmonized prices for November. The consumer price inflation is expected to be consistent with the preliminary estimate of 2.4%, which marks an increase from 1.8% in October.
Finally, at 5:00 a.m. Eastern Time, Eurostat will disclose the euro area industrial production data for October. Economists predict that industrial output will remain unchanged following a 2.0% decrease observed in September.
The material has been provided by InstaForex Company - www.instaforex.com
At 2:00 a.m. Eastern Time, the UK Office for National Statistics will publish the country's GDP, industrial production, and foreign trade statistics. Analysts anticipate that the GDP will show a slight growth of 0.1% in October, compensating for a similar decline seen in September. The visible trade deficit is expected to narrow slightly to £16.1 billion, down from £16.3 billion noted in the previous month.
Simultaneously, Destatis will provide Germany's external trade and wholesale price information for November. Projections suggest that Germany's trade surplus will decrease to €15.7 billion in October, compared to €17.0 billion in September.
France's statistical office, INSEE, will release its final figures on consumer and harmonized prices for November at 2:45 a.m. Eastern Time. Initially pegged at 1.3%, inflation is slightly up from 1.2% in October.
Following this, at 3:00 a.m. Eastern Time, Spain's National Statistics Institute (INE) will reveal its consumer and harmonized prices for November. The consumer price inflation is expected to be consistent with the preliminary estimate of 2.4%, which marks an increase from 1.8% in October.
Finally, at 5:00 a.m. Eastern Time, Eurostat will disclose the euro area industrial production data for October. Economists predict that industrial output will remain unchanged following a 2.0% decrease observed in September.
The material has been provided by InstaForex Company - www.instaforex.com