2019.06.2800:21:00UTC+00European Economics Preview: Eurozone Inflation Data Due

Flash inflation from euro area is due on Friday, headlining a hectic day for the European economic news.

At 2.00 am ET, Destatis releases Germany's import prices for May. Producer prices are forecast to drop 0.2 percent on month.

At 2.45 am ET, France flash consumer prices and consumer spending figures are due. Inflation is forecast to rise slightly to 1 percent in June from 0.9 percent in May. Economists forecast France consumer spending to rise 0.3 percent on month in May, following April's 0.8 percent increase.

At 3.00 am ET, final GDP from Spain and the Czech Republic are due. Spain's INE is set to confirm 0.7 percent sequential growth for the first quarter.

In the meantime, average gross wages from Hungary and foreign trade from Turkey are due. Hungary's average gross wages are expected to advance 10.6 percent on year in April after rising 10.2 percent in March.

At 3.30 am ET, Statistics Sweden publishes retail sales for May. Sales are forecast to drop 1 percent on month after rising 1.9 percent in April.

At 4.00 am ET, consumer price data from Poland is due. Economists forecast inflation to remain stable at 2.4 percent in June.

At 4.30 am ET, the Office for National Statistics is scheduled to issue UK revised quarterly GDP data. According to preliminary estimate, the economy had expanded 0.5 percent sequentially in the first quarter due to pre-Brexit stockpiling.

At 5.00 am ET, Eurostat releases euro area flash inflation data. Inflation is seen unchanged at 1.2 percent in June.

At 6.00 am ET, Italy's Istat publishes preliminary inflation data for June. Inflation is seen falling to 0.7 percent from 0.9 percent in May.