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7:01 GMT
19
Nov 2009

European Economics Preview: UK Retail Sales, Public Sector Finance Reports Due

(RTTNews) - A slew of statistical reports are due from Europe on Thursday. Among the major reports, retail sales and public sector finances from the United Kingdom are expected to dominate the scene.

At 2:15 am ET, the Swiss Federal Customs Administration is set to release trade data for October. A trade surplus of CHF 1.91 billion was recorded in September.

Unemployment figures are due from the Netherlands’ Central Bureau of Statistics at 3:30 am ET. Economists expect the seasonally adjusted unemployment rate to rise to 5.3% in the August to October period.

Simultaneously, the Statistics Sweden is expected to release unemployment data for October. The unemployment rate is forecast to edge up to an unadjusted 8.4% in October from 8.3% in the prior month.

At 4:00 am ET, foreign trade data for September is due from the Italian statistical office ISTAT. In August, the total trade balance registered a deficit of EUR 1.38 billion, while the E.U. trade deficit stood at EUR 0.38 billion.

Half an hour later, the U.K.’s Office for National Statistics is scheduled to issue retail sales figures for October. Year-on-year, retail sales are tipped to rise 2.9% in October, faster than the 2.4% increase in September. On a monthly basis, sales are forecast to grow 0.5%, after it remained flat last month.

The statistical office is also set to release the U.K. public sector finances data for October. The public sector net cash requirement or PSNCR for October is seen at GBP 4 billion in October compared to GBP 19.4 billion in September.

Also, the U.K.’s money supply data is due from the Bank of England at 4:30 am ET. M4 money supply is forecast to rise 9.9% annually, after the 11.6% growth in the previous month. The monthly M4 money supply growth rate is seen at 1%.

Elsewhere, producer price inflation figures for October are due from the Republic of Slovenia. In September, the producer price index rose 0.3% on a monthly basis.

At 7:00 am ET, Poland’s Central Statistical Office is expected to release producer price data for October. Year-on-year, the producer price index is tipped to rise 1.7%, faster than the 1.6% increase in the prior month. The statistical office is also slated to issue industrial production statistics for October. Output is expected to drop 2% on year compared to the 2.4% decline in the previous month.

The National Bank of Poland is scheduled to issue the minutes of the October 27-28 Monetary Policy Committee meeting at 8:00 am ET.

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