European Economic News Preview: UK GDP Data Due

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European Economic News Preview: UK GDP Data Due

(RTTNews) - GDP and foreign trade from the UK and industrial production from the euro area are the top economic news due on Wednesday.

At 3.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade reports. GDP is forecast to grow 0.2 percent on month in January, in contrast to the 0.1 percent fall in December.

The UK visible trade deficit is seen widening to GBP 15 billion from GBP 13.9 billion in the previous month. Economists forecast industrial output to remain flat on month in January after rising 0.6 percent in the previous month.

In the meantime, Destatis is slated to issue Germany's wholesale price data for February.

At 3.30 am ET, final industrial production data is due from Hungary. At 6.00 am ET, Eurostat publishes euro area industrial production for January. Economists expect output to fall 1.5 percent on month, reversing 2.6 percent rise in December.

At 8.00 am ET, the National Institute of Economic and Social Research releases UK monthly GDP tracker.

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PERINGATAN RISIKO TINGGI: Perdagangan pertukaran mata wang asing mempunyai risiko tinggi yang mungkin tidak sesuai untuk semua jenis pelabur. Leveraj menimbulkan risiko dan kerugian tambahan. Sebelum anda memutuskan untuk berdagang pertukaran mata wang asing, pertimbangkan dengan teliti objektif pelaburan, tahap pengalaman dan toleransi risiko anda. Anda berkemungkinan kehilangan sebahagian atau semua pelaburan awal anda. Jangan melaburkan wang yang anda tidak mampu untuk kehilangan. Didik diri anda tentang risiko yang berkaitan dengan perdagangan pertukaran asing, dan dapatkan nasihat daripada penasihat bebas kewangan atau cukai jika anda mempunyai sebarang pertanyaan mengenainya. Semua data dan maklumat yang disediakan adalah semata-mata untuk tujuan maklumat, dan bukan bertujuan untuk tujuan perdagangan atau nasihat. Prestasi masa lalu tidak semestinya menunjukkan hasil masa depan.