European Economics Preview: Germany Factory Orders Data Due

Factory orders data from Germany is due on Friday, headlining a light day for the European economic news.At 2.00 am ET, Destatis is scheduled to publish factory orders data for May. Germany’s factory orders are forecast to drop 0.2 percent on month following a 0.3 percent rise in April.

In the meantime, industrial output data is due from Norway. Manufacturing output is expected to fall 0.8 percent month-on-month in May reversing a 2.2 percent rise in April.

At 2.45 am ET, foreign trade and current account figures are due from France. Economists forecast the trade deficit to narrow to EUR 4.85 billion from EUR 4.98 billion in April.

At 3.00 am ET, the Hungarian Central Statistical Office releases industrial production for May. Output is expected to climb 4.9 percent on year after rising 6 percent in April.

Half an hour later, UK Halifax house price data is due. Economists expect house prices to drop 0.4 percent on month in June, in contrast to a 0.5 percent rise in May.

In the meantime, Sweden industrial production data is due for May. Output had advanced 3.3 percent annually in April.