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

At 2.00 am ET, Destatis releases Germany's retail sales data. Economists forecast sales to climb 1.3 percent on year in July, slower than the 3 percent increase in June.

In the meantime, Statistics Finland publishes final GDP data for the second quarter.

At 2.45 am ET, France's consumer and producer price figures are due. Preliminary inflation is expected to fall marginally to 2.2 percent in August from 2.3 percent in July.

At 3.00 am ET, retail sales from Spain and foreign trade and producer prices from Hungary are due. Also, the revised GDP figures from the Czech Republic are due.

At 4.00 am ET, unemployment figures from Italy and Norway are due. Italy's jobless rate is seen at 10.8 percent in July versus 10.9 percent in June.

In the meantime, Poland's consumer prices and GDP reports are due.

At 5.00 am ET, Eurostat publishes euro area inflation and unemployment figures. Flash inflation is forecast to remain unchanged at 2.1 percent in August. The jobless rate is seen at 8.2 percent in July versus 8.3 percent in June.

Also, Italy's preliminary inflation data is due.

At 6.00 am ET, Istat publishes Italy's final GDP data. The statistical office is expected to confirm 0.2 percent sequential growth for the second quarter.