European Economics Preview: Germany Retail Sales, CPI Data Due
Retail sales and inflation figures from Germany are due on Monday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is slated to release German retail sales data for October. Sales are forecast to fall 0.2 percent month-on-month after staying flat in September. At 3.00 am ET, the KOF Swiss Economic Institute is scheduled to publish leading indicator for November. The index is seen rising to 100.2 from 99.8 in October. Also, retail sales from Spain, producer prices from Hungary and foreign trade from Turkey are due. In the meantime, Denmark's GDP data is due. At 3.30 am ET, Statistics Sweden releases GDP data for the third quarter. The economy expanded 3.3 percent annually in the second quarter. At 4.00 am ET, money supply from the Czech Republic and GDP from Poland are due. At 4.30 am ET, Bank of England releases mortgage approvals figures for October. The number of mortgage approvals is seen at 69,900 in October compared to 68,900 in September. Half an hour later, consumer price figures from Italy are due. Harmonized consumer prices are forecast to rise 0.3 percent in November. Producer prices are due at 6.00 am ET. At 8.00 am ET, Destatis is slated to issue consumer prices for November. German consumer price inflation is expected to rise marginally to 0.4 percent from 0.3 percent in October. Also, flash consumer prices are due from Poland. Economists forecast consumer prices to decrease 0.4 percent on a yearly basis in November, following a 0.7 percent fall in October.
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