European Economic News Preview: UK Retail Sales & Public Sector Finance Data Due
July 20 2023 - 9:25PM
RTTF2
Retail sales and public sector finances from the UK are due on
Friday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK
retail sales and public sector finances figures. Retail sales are
forecast to grow 0.2 percent on month in June, slower than the 0.3
percent increase in May. The budget deficit is expected to widen to
GBP 27.5 billion in June from GBP 19.2 billion in the previous
month.
At 4.00 am ET, retail sales data is due from Poland. Economists
forecast sales to fall 4.7 percent annually in June after easing
6.8 percent in May.
At 6.30 am ET, Russia's central bank announces its monetary
policy decision. The bank is expected to raise its key interest
rate by 50 basis points to 8.00 percent.
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