European Economics Preview: Germany Industrial Output, Foreign Trade Data Due

Industrial production and foreign trade from Germany and unemployment from euro area are due on Thursday, headlining a busy day for the European economic news.


At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production and foreign trade figures. Economists forecast industrial output to grow 0.8 percent on month, in contrast to a 1.7 percent fall in October.


Germany's exports are forecast to drop 0.9 percent on month, while imports are expected to rise 0.2 percent in November.


In the meantime, GDP figures from Norway are due.


At 2.30 am ET, the Federal Statistical Office is slated to release Swiss retail sales for November.


At 3.00 am ET, the Czech Statistical Office publishes foreign trade figures for November. The trade surplus is expected to rise to CZK 15.8 billion from CZK 7.2 billion in October.



At 4.00 am ET, Italy's unemployment and retail sales figures are due. The jobless rate is seen at 9.8 percent in November versus 9.7 percent in October.


At 4.30 am ET, Bank of England Governor Mark Carney speaks at the Future of Inflation Targeting Conference, in London.


At 5.00 am ET, Eurostat releases euro area unemployment data. The jobless rate is forecast to remain unchanged at 7.5 percent in November.




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