European Economics Preview: Germany Factory Orders Data Due


Factory orders data from Germany is due on Friday, headlining a light day for the European economic news.


At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders for January. Orders are forecast to grow 1.2 percent on month, in contrast to a 2.1 percent drop in December.


In the meantime, industrial production data is due from Norway and Denmark.


At 2.45 am ET, current account and foreign trade figures are due from France.


At 3.00 am ET, Spain's INE publishes industrial production data for January. Economists expect output to fall 1.3 percent on year, reversing a 0.8 percent rise in December.


In the meantime, wholesale prices from Austria and industrial output from Hungary are due. Hungary's industrial production is seen rising 3.9 percent on year in January versus a 1.2 percent drop in December. At 3.30 am ET, UK Halifax house price data is due. House prices are forecast to grow 0.2 percent on month in February versus a 0.4 percent increase in January.


At 4.00 am ET, Italy's Istat is scheduled to issue retail sales for January. Sales had increased 0.5 percent on month in December.


At 5.00 am ET, Greece GDP data for the fourth quarter is due.

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