European Economic News Preview: German GfK Consumer Confidence Due
April 25 2023 - 9:57PM
RTTF2
Consumer confidence from Germany and France are the top economic
news due on Wednesday, headlining a light day for the European
economic news.
At 2.00 am ET, the market research group GfK is scheduled to
issue Germany's consumer confidence survey results for May. The
confidence index is forecast to improve to -27.9 from -29.5 in
April.
In the meantime, foreign trade and unemployment figures are due
from Sweden.
At 2.45 am ET, consumer sentiment data is due from France. The
confidence index is seen unchanged at 81 in April.
At 3.30 am ET, Sweden's central bank announces its monetary
policy decision. The bank is expected to raise its benchmark rate
by 50 basis points to 3.50 percent.
At 4.30 am ET, the Office for National Statistics publishes UK
labor productivity for the fourth quarter. At 6.00 am ET, the
Confederation of British Industry is slated to issue monthly
Distributive Trades survey results for April. The retail sales
balance is forecast to rise to 9.0 percent from 1.0 percent in
March.
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