Friday brings the latest Euro Zone inflation data, so let’s take a closer look with the Economic Calendar.
German Retail Sales for August are up first at 6 AM. Retail trade rebounded in July on the back of higher food, non-food and online sales.
Swiss KOF Economic Barometer for September follows at 7. The August Index surprised on the downside, slipping below 100 for the first time since late 2015.
The final reading of UK Second Quarter GDP comes at half past 8. The initial estimate puts the quarterly growth at point 6%, which is the highest level in three quarters.
So the closely watched Preliminary Euro Zone September CPI is released at 9. The ECB efforts to raise the annual inflation to 2% have been spectacularly unsuccessful so far, and it remained unchanged and far below that level in August.
Euro Zone Unemployment Rate for August is out at the same time. The unemployment rate has stood at the same level for the past 3 months, stubbornly remaining just a fraction in the double digits.
Coming up next at 12:30 PM GMT is US Personal Income & Spending for August. Income grew at a faster pace in July, whereas the growth in spending slowed down.
Canadian July GDP will be released at this time as well, and it is a high importance release for Loonie Dollar traders. The June data surprised on the upside, reversing a point 6% decline the previous month.
And the final version of University of Michigan Consumer Confidence for September concludes the schedule at 2. The initial estimate came in weaker than expected, leaving the Index at a 3-month low.
I’m Sam Meredith and you’ve been watching the Economic Calendar for Friday, the 30th of September. Check back in for the next overview of news releases for Monday. Goodbye.
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