FX.co ★ European Economic News Preview: UK GDP Data Due

Economic indicators from the UK, including monthly GDP estimates, industrial output, and foreign trade data, along with Germany's finalized inflation figures, are the key highlights to watch on Friday.

At 2:00 am ET, the UK’s Office for National Statistics will release data on GDP, industrial production, and trade performance. Analysts anticipate a 0.2% growth in the UK’s economy for August, following a stagnant performance in July. Industrial production in the UK is also predicted to increase by 0.2% for August, rebounding from a 0.8% decline in the previous month. Additionally, the trade deficit is projected to decrease to £18.8 billion from £20.0 billion the prior month.

Simultaneously, Germany’s statistical agency, Destatis, will release the final September inflation figures. Preliminary estimates indicated a deceleration in consumer price inflation to 1.6% from 1.9% in August, with the final data expected to confirm this preliminary figure.

At 3:00 am ET, Switzerland's State Secretariat for Economic Affairs will issue their consumer climate data.