Quarterly national accounts from Germany and France are due on Friday, headlining a busy day for the European economic news.
At 1.30 am ET, France’s Insee releases first quarter GDP data. The economy is forecast to grow 0.1 percent sequentially, in contrast to a 1.4 percent drop in the fourth quarter.
At 2.00 am ET, UK Nationwide house price data is due. Economists forecast house prices to grow 5 percent on year in April versus 5.7 percent in March.
At 2.45 am ET, France’s Insee publishes flash consumer prices, consumer spending and producer price data. Flash HICP inflation is seen at 1.4 percent in April, the same rate as seen in March.
At 3.00 am ET, Spain’s INE releases GDP and retail sales data. The economy is expected to shrink 0.5 percent sequentially, reversing the 16.4 percent growth in the fourth quarter.