Quarterly national accounts from the UK and foreign trade from Germany are due on Friday, headlining a busy day for the European economic news.
At 1.45 am ET, the Swiss jobless data is due from the State Secretariat for Economic Affairs. The unemployment rate is forecast to remain unchanged at 2.3 percent in July.
At 2.00 am ET, Destatis is scheduled to issue Germany's foreign trade data. Exports are forecast to drop 0.1 percent on month in June, in contrast to a 1.1 percent rise in May.
In the meantime, consumer and producer prices are due from Norway. Consumer price inflation is expected to ease marginally to 1.8 percent in July from 1.9 percent in June.
At 2.45 am ET, France's Insee publishes manufacturing output figures for June. Economists expect manufacturing output to fall 1.3 percent on month in June, after rising 1.6 percent in May.
At 4.30 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade data. The economy is forecast to remain flat on quarter in the second quarter, after expanding 0.5 percent in the preceding period.
Australia NAB Business Conditions Weaken; Sentiment Improves
Australia's business conditions weakened in July reflecting the decrease across most industries, while confidence edged higher, survey data from the National Australia Bank showed Tuesday.
The business conditions index fell 2 points to +2 in July driven by a decline in the employment sub-indicator.
Meanwhile, the business confidence index rose to +4 from +2 a month ago, driven by an improvement across industries. Sentiment remained highest in mining.
The NAB said the business sector has lost significant momentum since early 2018 and forward looking indicators do not point to an improvement in the near term. The lift in confidence following the election appears to have faded with little impact on actual conditions.
According to NAB, both the cut to interest rates and boost to tax ******s is yet to feed into the business sector and that the weakness in the second quarter has persisted into the third quarter.
"With a significant loss of momentum in activity, and inflation indicators remaining weak, the survey points to the need to the need for further stimulus in the economy," Alan Oster, NAB Group chief economist, said.
"Indeed, we expect a further easing in interest rates from the RBA and think that some greater fiscal support will be needed from the government to kickstart growth," Oster added.
China's industrial production and retail sales grew at weaker pace in July, data from the National Bureau of Statistics showed Wednesday.
Industrial output growth eased to 4.8 percent in July from 6.3 percent in June. Output was forecast to expand 6 percent.
Likewise, growth in retail sales slowed to 7.6 percent from 9.8 percent a month ago. This was the weakest growth in three months. The expected pace of growth was 8.6 percent.
During January to July period, fixed asset investment logged an annual growth of 5.7 percent compared to 5.8 percent increase in January to June. The rate was forecast to remain unchanged at 5.8 percent.
Australia Unemployment Rate Unchanged At 5.2% In July
The unemployment rate in Australia came in at a seasonally adjusted 5,2 percent in July, the Australian Bureau of Statistics said on Thursday - unchanged from the previous month and in line with expectations.
The Australian economy added 41,100 jobs last month, far surpassing expectations for a gain of 14,000 jobs following the increase of 500 jobs in June.
The participation rate was 66.1 percent, exceeding estimates for 66.0 - which would have been unchanged from the previous month.
Malaysia's economic growth accelerated in the second quarter on domestic demand, data from the Bank Negara Malaysia showed Friday.
Gross domestic product grew 4.9 percent year-on-year, faster than the 4.5 percent expansion seen in the first quarter. The rate was forecast to improve to 4.7 percent.
On a quarterly basis, GDP expanded 1 percent versus 1.1 percent increase in the preceding period. Data showed that domestic demand advanced underpinned by household spending and higher private investment.
The current account surplus of the balance of payment remained sizeable at MYR 14.3 billion or 3.9 percent of GNI in the second quarter.
In the second quarter, headline inflation increased 0.6 percent mainly reflecting the lapse in the impact of the GST zerorisation, data showed.
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