European Economics Preview: UK GDP Data Due



GDP data from the UK and economic confidence from Germany are due on Tuesday, headlining a busy day for the European economic news.


At 2.00 am ET, Statistics Norway is slated to issue consumer and producer prices for November. Inflation is seen at 1.7 percent versus 1.8 percent in October.


At 2.45 am ET, the statistical office Insee releases France industrial production data for October.


At 3.00 am ET, November consumer price figures are due from the Czech Republic and Hungary. The Czech inflation is forecast to rise to 2.9 percent from 2.7 percent in October. Likewise, Hungary's inflation is expected to rise to 3.3 percent from 2.9 percent.


At 4.30 am ET, the Office for National Statistics is slated to issue the UK monthly GDP, industrial production and foreign trade data. GDP is forecast to remain flat on month in October, following a 0.1 percent drop in September.


UK industrial production is expected to climb 0.3 percent on month and manufacturing output is forecast to gain 0.2 percent. The visible trade deficit is expected to narrow to GBP 11.67 billion from GBP 12.54 billion in September.


At 5.00 am ET, Germany's ZEW economic confidence survey data is due. Economists forecast the confidence index to improve to 3.5 in December from -2.1 in November.


In the meantime, Italy's Istat releases October industrial output figures. Production is seen falling 0.2 percent on month after easing 0.4 percent in September.




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