Categories: Economic News

UK retail sales, public sector finance data pending

UK retail sales and public sector finance are due on Friday, capping a bright day for European economic news.

At 2:00 am ET, the Office for National Statistics releases UK retail sales and public sector finance data. Sales are expected to fall 0.2% on the month, slightly faster than June’s 0.1% decline. The budget deficit is estimated at GBP 25.3 billion in July compared to GBP 22.1 billion in June.

Meanwhile, Destatis plans to issue German producer prices for July. Economists expect producer price inflation to ease to 32.0% from 32.7% in June.

At 4:00 a.m. ET, the European Central Bank is scheduled to issue current account figures for the euro area for June.

In addition, industrial production, producer prices and wage growth figures are due to Poland. Industrial production increased by 7.4% annually, after the increase of 10.4% in June. Producer price inflation is expected to ease to 25.3 percent in July from 25.6 percent in June.

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