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European Economics Preview: Eurozone Inflation, Unemployment Data Due

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Friday, major statistical reports due for the day include house prices data from the United Kingdom, retail sales figures from Germany, producer prices data from France and inflation and labor market reports from Eurozone.

Retail sales data for September is expected from Germany's Federal Statistical Office at 3:00 am ET. Retail sales are tipped to rise 1% month-on-month, rebounding from the 2.4% decline in the previous month. On a yearly basis, sales are expected to drop 2.2%, slower than the 2.6% fall in August.

In the meantime, the U.K.'s Nationwide Building Society is scheduled to release house price figures for October. Economists expect house prices to grow a seasonally adjusted 0.6% on a monthly basis, slower than the 0.9% rise in the preceding month. The yearly rate of growth is seen at an unadjusted 1.8%.

Current account data for August is due from the Bank of Spain at 3:30 am ET. Last month, the current account balance logged a deficit of EUR 2.04 billion.

At 3:45 am ET, France's producer price data is due from the statistical office INSEE. In September, producer prices are tipped to fall 8.1% year-on-year, faster than the 8.5% drop in August. Compared to the previous month, prices are forecast to fall 0.3%, in contrast to the 0.4% increase last month.

A little later at 4:00 am ET, Hungary's Central Statistical Office is set to issue producer price inflation figures for September. Year-on-year, the producer price index is forecast to climb 3.7%, slower than the 4.6% rise in the previous month. Revised trade balance figures for August are also due from the statistical office. Preliminary estimates revealed a trade surplus of EUR 229.4 million.

Elsewhere, September's M2 money supply data is due from the Czech Republic. Last month, the annual money supply growth rate stood at 4%.

Half an hour later, the Statistical Office of the Republic of Slovenia is expected to issue consumer price inflation figures for October. Year-on-year, consumer prices were down 0.1% last month. Retail sales data for August is also due at the same time from the statistical office. In July, sales had dipped 13.2% annually.

At 5:00 am ET, the Italian statistical office ISTAT is set to release producer price data for September. The producer price index had declined 6.7% on a yearly basis but grew 0.6% on a monthly basis in the previous month.

At the same time, the Statistical Service of the Republic of Cyprus is expected to release producer price data for September. Producer prices had declined 3.8% on a yearly basis in August.

Iceland's trade balance figures for September are due at 5:00 am ET. A trade surplus of ISK 12.64 billion was seen last month. Producer prices figures for September are also due from Greece, with the annual inflation rate at minus 7.8% last month.

An hour later, the statistical office Eurostat is expected to issue October's harmonized consumer price figures for the Eurozone. Economists expect harmonized prices to fall 0.1% year-on-year, slower than the 0.3% decline in the preceding month. Simultaneously, unemployment data for September is released from the statistical office. The unemployment rate is tipped to edge up slightly to 9.7% from 9.6%.

In the meantime, consumer price inflation data for October is due from the Italian statistical office. The annual inflation rate is seen at 0.3%, up from 0.2% in September, while the monthly rate is seen at 0.1%. Further, harmonized consumer prices are expected to rise 0.4% on a yearly basis and 0.5% on a monthly basis.

At 6:30 am ET, Switzerland's KOF economic institute is expected to release its leading indicator for October, with the corresponding index forecast to rise to 1.16 from 0.85.

Afterwards at 10:00 am ET, trade balance figures for September are due from Turkey's statistical office. The trade deficit is expected to narrow to $4.6 billion from $4.9 billion.

Friday, major statistical reports due for the day include house prices data from the United Kingdom, retail sales figures from Germany, producer prices data from France and inflation and labor market reports from Eurozone. (Market News Provided by RTTNews)

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