European Economics Preview: France GDP Data Due


Quarterly national accounts data from France is due on Friday, headlining a light day for the European economic news.

At 1.30 am ET, the statistical office Insee is set to release France's second quarter GDP data. The economy is forecast to grow 0.3 percent in the second quarter, after rising 0.2 percent a quarter ago.

At 2.00 am ET, Destatis is scheduled to issue Germany's foreign trade prices. Import prices are forecast to climb 4.5 percent on year in June, following a 3.2 percent rise in May.

At 2.45 am ET, France's Insee publishes consumer spending data. Economists forecast household spending to rise 0.6 percent on month in June, after gaining 0.9 percent a month ago.

At 3.00 am ET, retail sales from Spain and unemployment from Hungary are due. Spain's retail sales are forecast to grow 0.3 percent on year, in contrast to a 0.3 percent drop in May. Hungary's jobless rate is seen unchanged at 3.7 percent in June.

At 3.30 am ET, Statistics Sweden publishes retail sales and foreign trade figures. Sales are forecast to remain flat on month in June compared to a 0.2 percent rise in May.

At 4.00 am ET, producer prices are due from Italy. Prices had advanced 2.7 percent on year in May.