2017.09.2901:54:00UTC+00European Economics Preview: Eurozone Flash Inflation Data Due

Flash inflation figures from euro area and unemployment from Germany are due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is slated to release Germany's retail sales data for August. Sales are forecast to grow 3.2 percent annually, following a 2.7 percent rise in July.

In the meantime, UK Nationwide house price figures are due. Economists forecast house prices to rise 1.9 percent year-on-year in September, after expansing 2.1 percent in August.

At 2.45 am ET, France's statistical office Insee is scheduled to issue preliminary consumer and producer prices and consumer spending reports. Inflation is expected to rise slightly to 1 percent in September from 0.9 percent in August.

At 3.00 am ET, Switzerland's KOF leading indicator is due. The reading is forecast to rise to 105.5 in September from 104.1 in August. Also, Turkey's foreign trade and Hungary's producer prices are due.

At 3.55 am ET, the Federal Labor Agency publishes Germany's unemployment data. The number of unemployed is forecast to drop 5,000 in September from previous month.

At 4.30 am ET, the Office for National Statistics is slated to release UK mortgage approvals data. The number of mortgage approvals is forecast to fall to 67,300 in August from 68,700 in July.

Also, final GDP data is also due for the second quarter. The final quarterly GDP growth is seen at 0.3 percent, unchanged from the previous estimate.

At 5.00 am ET, Eurostat releases euro area flash inflation figures. Economists expect inflation to rise slightly to 1.6 percent in September from 1.5 percent in August.

In the meantime, the statistical office Istat issues Italy's preliminary inflation data.