European Economics Preview: U.K. Producer Price Data Due
(RTTNews) - Friday, major statistical data scheduled for release from Europe include UK producer prices and factory orders from Germany.
At 1:45 am ET, Switzerland’s State Secretariat for Economic Affairs is set to issue unemployment figures for October. The unemployment rate is expected to edge up to a seasonally adjusted 4.2% from 4.1%.
The French Customs Office is expected to release trade data for September at 2:45 am ET. The trade balance is tipped to log a deficit of EUR 3 billion in September, compared to the EUR 3.4 billion deficit in August.
At 3:00 am ET, trade figures are due from the Czech Republic. Economists expect the trade surplus to surge to CZK 16.5 billion in September from the CZK 10.6 billion surplus in August.
At the same time, the Hungarian Central Statistical Office is set to issue preliminary trade figures for September. The trade balance is forecast to log a surplus of EUR 370 million, up from the EUR 254.3 million surplus in the preceding month.
Elsewhere, Romania’s industrial production data for September is due from the National Institute of Statistics. Last month, industrial output had dropped 5.9% on a yearly basis. Retail trade statistics for September are expected from the statistical office at the same time. In August, retail sales had slid 12.1% on an annual basis.
At 3:30 am ET, the Statistics Austria is scheduled to release wholesale price data for October. Last month, the wholesale price index had dropped 8.2% on a yearly basis and 0.4% on a monthly basis.
In the meantime, industrial production figures for September is due from Statistics Denmark. In August, industrial output had slipped 0.9% month-on-month, on a seasonally adjusted basis.
Half an hour later, the Statistics Norway is expected to issue industrial production data for September. Month-on-month, manufacturing output is tipped to rise a seasonally adjusted 0.4%, compared to the 0.8% increase in the previous month. Compared to the previous year, manufacturing output is expected to fall an unadjusted 7% in September.
At 4:30 am ET, producer price data is due from the U.K.’s Office for National Statistics. Input prices are forecast to fall an unadjusted 1.3% year-on-year in October, markedly slower than the 6.5% drop in the preceding month. The monthly input price inflation rate is seen at an unadjusted 1.5%. On the other hand, output prices are tipped to climb an unadjusted 1.9% on an annual basis and rise 0.3% on a monthly basis. The core output price monthly inflation rate is seen at 0.2%.
Afterwards at 6:00 am ET, Germany’s Federal Ministry of Economics and Technology is set to issue factory orders data for September. Factory orders are forecast to increase 1% month-on-month, slower than the 1.4% growth in the previous month. On a yearly basis, factory orders are expected to drop 13.6% in September, slower than the 20.4% decline in August.
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Posted in Categories: Economy, Eurozone, Forex, Releases, Switzerland, UK.

