2009.01.1201:16:00UTC+00European Economics Preview: German Manufacturing Turnover Due

Monday, the German manufacturing turnover data is the only main statistical report expected from Europe.

At 2.00am ET, the Federal Statistical Office is scheduled to release German manufacturing turnover for November and raw steel production for December. German real manufacturing turnover had declined 3.3% in October from the previous year.

In the meantime, the Statistics Finland is slated to release the building cost report. Building cost growth had eased to 2.5% annually in November from 3.3% in October.

Half an hour later, a monthly business sentiment survey report is expected from Bank of France. French business confidence is forecast to deteriorate to 65 from November's 68 points.

At 3.00am ET, the Spanish import and export price data is due. Meanwhile, the Turkish capacity utilization report is also due from the statistical office.

Thereafter, the Swedish Debt Office is expected to announce the budget balance at 3.30am ET. In November, the balance was SEK 19.7 billion.

A slew of economic reports are due from Statistics Denmark at the same time. Danish consumer price inflation is seen at 2.3% year-on-year in December, below the 2.7% rate in the prior month. Meanwhile, the HICP is forecast to rise 2.6% annually. Industrial production and orders are also due. Industrial production had fallen 3.7% in October from the prior year.

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