Eurozone inflation, unemployment data expected

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Eurozone flash inflation and unemployment are expected on Friday, headlining a turbulent day for European economic news.

At 02:00 ET, Destatis is due to release monthly German labor market statistics.

In the meantime, the Office for National Statistics is releasing revised UK GDP data for the second quarter. The previous estimate showed that economy fell 0.1% in the second quarter.

At 2:45 a.m. ET, Insee publishes flash data on consumer prices, producer prices and consumer spending. Consumer price inflation was unchanged at 5.9% in September.

At 3:00 a.m. ET, Switzerland’s KOF Leading Index and Spain’s Retail Sales are due.

In addition, the revised GDP of the Czech Republic, producer prices of Hungary and foreign trade of Turkey are expected.

As of 3:55 a.m. ET, unemployment data in Germany is due from the Federal Labor Agency. The unemployment rate is expected to remain unchanged at 5.5% in September.

At 4:00 a.m. ET, Italy’s Istat releases unemployment data for the month of August. Economists expect the unemployment rate to remain at 7.9% in August.

As of 4:30 a.m. ET, UK mortgage approvals data for August is due. The number of mortgages approved in August is expected to fall to 62,000 from 63,770 in July.

At 5:00 a.m. ET, Eurostat is due to release flash data on eurozone inflation and unemployment. Flash inflation is expected to rise to 9.7% in September from 9.1% in August. The unemployment rate is estimated at 6.6% in August, the same rate as in July.

In addition, instantaneous consumer prices and harmonized prices for Italy are expected from the statistical office Istat.

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