Germany unemployment, retail sales data expected

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Unemployment and retail sales in Germany and house prices in the UK are due on Thursday, headlining a busy day for European economic news.

At 2:00 a.m. ET, Destatis is expected to release German retail sales and unemployment data. Economists expect sales to rise 0.5% month on month in February, slower than January’s 2.0% growth.

In addition, UK nationwide house price data for March is due. House prices are expected to rise 13.5% annually, after rising 12.6% in February.

In the meantime, the Office for National Statistics is releasing UK GDP data for the fourth quarter. The Bureau of Statistics is expected to confirm sequential growth of 1.0%.

At 2:45 a.m. ET, the French statistical institute Insee releases flash data on consumer prices, producer prices and consumer spending. Consumer price inflation is estimated at 4.3% in March against 3.6% in February.

As of 3:00 a.m. ET, GDP data from the Czech Republic and foreign trade from Turkey are due.

As of 3:55 a.m. ET, German unemployment data for March is due from the Federal Labor Agency. The number of unemployed is expected to fall by 20,000 after falling by 33,000 in February.

As of 4:00 a.m. ET, unemployment data in Italy is due. Economists expect the rate to drop slightly to 8.7% in February from 8.8% in January.

At 5:00 a.m. ET, Eurostat is expected to release eurozone unemployment data for February. Economists expect the rate to fall to 6.7% from 6.8% in January.

In addition, the Italian Istat publishes flash consumer price data and harmonized consumer price data.

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