16.08.201800:53:00UTC+00European Economics Preview: UK Retail Sales Data Due

Retail sales from the UK and foreign trade from euro area are due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, Germany's wholesale prices are due for July. Prices had advanced 3.4 percent on year in June.

At 3.00 am ET, industrial production from Turkey and producer prices from the Czech Republic are due. The Czech PPI is forecast to climb 3.1 percent on year in July, following June's 2.9 percent increase.

At 4.00 am ET, Norges Bank is set to announce its rate decision.

At 4.30 am ET, the Office for National Statistics releases UK retail sales data. Sales, including auto sales, are forecast to grow 0.2 percent on month in July, reversing a 0.5 percent fall in June.

At 5.00 am ET, Eurostat is slated to publish foreign trade data. The euro area trade surplus is seen falling to EUR 16.5 billion in June from EUR 16.9 billion in May.