European Economics Preview

Europe is set for a very busy day on Wednesday with several countries reporting GDP figures for the third quarter, the main among them, Germany. Also, the UK will be releasing its inflation data for October. The Federal Statistical Office is set to release the preliminary estimates for the third quarter GDP at 2 am ET. German GDP is forecast to shrink 0.1 percent sequentially after a 0.5 percent increase in the previous quarter.

The Office for National Statistics is scheduled to release the UK October consumer price inflation data at 4.30 am ET. Headline inflation is forecast to climb to 2.5 percent from 2.4 percent. The statistical office will also report the producer prices data for October and the house price figures for September. In other main news, the Eurostat is set to release its latest euro area third quarter GDP figures at 5 am ET. Flash estimates released on October 30 showed that quarterly growth halved to 0.2 percent from 0.4 percent in the second quarter.

The agency is also scheduled to release the industrial production figures for September and the employment data for the third quarter at 5 am ET.

Also on Wednesday, the third quarter GDP data is due from a host of other countries including the Netherlands, Finland, Romania, Hungary, Czech, Bulgaria, Cyprus, Slovakia, Poland and Portugal. October inflation figures are also due from France, Spain, Sweden and Poland.

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