31st Oct 2013 05:43
BRUSSELS (Alliance News) - Unemployment and inflation from euro area and consumer confidence from Germany are due on Thursday, headlining a busy day for the European economic news.
At 3.00 am ET, Germany's GfK consumer confidence for November is due. The forward-looking sentiment index is forecast to rise to 7.2 in November from 7.1 in October.
In the meantime, Germany's statistical office Destatis is set to issue retail sales and import price figures. Retail sales are forecast to grow 0.4 percent month-on-month in September, following a 0.2 percent drop in August.
Also, UK Nationwide house price data is due at 3.00. House prices are expected to rise 0.7 percent month-on-month in October, following a 0.9 percent rise in September.
At 3.45 am ET, the French statistical office Insee is scheduled to publish consumer spending and producer prices for September. Economists forecast consumer spending to rise 0.3 percent month-on-month, reversing a 0.4 percent drop in August.
Hungary's producer prices and trade reports are due at 4.00 am ET. Producer price inflation is seen at 1.8 percent in September, down from 2.4 percent in August. Also, Turkey's trade figures are due.
Eurostat is set to release unemployment and flash consumer prices at 6.00 am ET. The jobless rate is expected to remain unchanged at 12 percent in September. Economists forecast inflation to remain unchanged at 1.1 percent in October.
At 7.00 am ET, Istat is set to issue preliminary inflation figures for October. Italy's inflation is forecast to accelerate to 1.2 percent in October from 0.9 percent in September.
Copyright RTT News/dpa-AFX