European Economics Preview: UK Retail Sales Data Due

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Retail sales from the UK and current account from euro area are due on Thursday, headlining a light day for the European economic news.

At 4.00 am ET, the European Central Bank is slated to issue euro area current account figures for February. The current account surplus totaled EUR 37.6 billion in January.

In the meantime, industrial output and producer prices are due from Poland. Economists forecast industrial output to rise 3 percent on year in March and producer prices to remain flat annually.

Half an hour later, the Office for National Statistics is scheduled to release UK retail sales data for March. Retail sales including auto fuel are forecast to fall 0.6 percent on month in March, reversing a 0.8 percent rise in February.