2010.08.2002:14:00UTC+00European Economics Preview: German Leading Index Data Due

A leading indicator of the German economy is due on Friday, headlining a light day for European economic news. All times in ET.

Major economic news released on Thursday were largely positive, with U.K. retail sales surging past expectations and government borrowing falling more than expected. Elsewhere, the German Bundesbank raised its 2010 GDP forecast to 3% from 1.9%.

At 3:30 am, the Dutch statistical office is scheduled to release consumer spending data for June. Consumer spending had risen 1.2% on a yearly basis in May.

The Conference Board is due to release its June leading index for the German economy at 4:00 am. The leading index had risen 0.5% month-on-month in May.

At 4:30 am, the Slovene statistical office is slated to release producer price inflation data for July. The producer price index had risen 3% annually in June.

The Croatian statistical office is due to release unemployment data for July at 5:00 am. The unemployment rate stood at 16.6% in June.

Finally at 8:00 am, the Polish statistical office is set to release inflation data for July. Core annual inflation is expected to slow to 1.2% from 1.5% in the previous month.

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