This week’s last trading day happens to be the Euro Zone GDP day, so stay with us to find out more.
A couple of news reports regarding German economy open the agenda at 6 o’clock in the morning and the high importance second quarter Preliminary GDP is one of them. Economy expanded at a solid rate of point 7% in first quarter, up from growth of point 3% in the final three months of 2015.
Finalized CPI for July is the other item scheduled at this time. According to preliminary report, inflation advanced by point 3%.
Preliminary Italian GDP for second quarter is up next at 8 o’clock. Economy expanded by point 3% in first quarter, building on fourth quarter’s rise of point 2%.
Release of UK Construction output numbers for June is scheduled a half an hour later. May’s drop of 2.1% has partially wiped out April’s rise of 2.8%.
A couple of news reports regarding Euro Zone are scheduled at 9 o’clock and high importance second quarter preliminary GDP is one of them. According to the flash report, growth slowed down in the Euro area from Q1 level of point 6% to only half of that at point 3%.
We head over the Atlantic, where Buck traders will be keeping a close eye on advance US retail sales for July at a half past noon GMT. Spending on building materials and gardening supplies jumped in June and overall sales showed a healthy gain of point 6%.
US Producer Price Index for July is also out at the same time. Index for final demand increased by a half a percent in June, seasonally adjusted, the US Bureau of Labor Statistics reported.
A couple of US reports wrap up this agenda at 2 PM and that includes the high importance Preliminary University of Michigan Survey for August. Although confidence strengthened in late July, for the month as a whole the Sentiment Index was still below last month’s level mainly due to increased concerns about economic prospects among upper income households.
Business inventories for June is the other and the final item. Manufacturers’ and trade inventories, adjusted for seasonal variations were up by point 2 percent in May from a month ago and were up 1% from May 2015.
That’s it for Friday’s Economic Calendar, but make sure you click back for Monday’s overview. Goodbye.
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