2018.11.1501:46:00UTC+00European Economics Preview: UK Retail Sales, Eurozone Trade Data Due

Europe is set for a relatively calm day on the economic data front on Thursday with major releases due being the UK retail sales and Eurozone trade data.

The Office for National Statistics is set to release the UK retail sales data for October at 4.30 am ET. Sales excluding auto fuel are expected to rise 0.2 percent after a 0.8 percent fall in September. On a year-on-year basis, sales are expected to climb 3.4 percent following a 3.2 percent increase.

Including auto fuel, retail sales are forecast to 0.2 percent month-on-month after a 0.8 percent fall in September. Year-on-year sales growth is expected to slow to 2.8 percent from 3 percent.

At 5 am ET, Eurostat is set to release the trade data for September. The seasonally adjusted trade surplus is forecast to decrease slightly to EUR 16.3 billion from EUR 16.6 billion in the previous month.

In other news, the Dutch statistical office reported the labor market data at 00.30 am ET. The ILO jobless rate for people aged between 15 and 75 was 3.7 percent in October, unchanged from September.

The European Automobile Manufacturers Association, or ACEA, is set to release the EU 25 new car registration figures for October at 2 am ET. Sales dropped 23.5 percent in September.

The Turkish Statistical Institute is expected to release the unemployment data for August. The jobless rate is forecast to climb to 11.2 percent from 10.8 percent in July.

Also at 2 am ET, Statistics Norway is set to publish the trade data for October. The trade surplus was NOK 21.1 billion in September.

Further, Statistics Denmark is set to report the producer prices data for October and Statistics Finland is expected to report the current account data at 2 am ET.

Statistics Sweden is scheduled to release the unemployment figures for October at 3.30 am ET. The jobless rate is expected to ease to 6.4 percent from 6.5 percent in September.

At 6 am ET, Latvia is set to report the jobless data for the third quarter and the Ireland statistical office is scheduled to release the merchandise trade data for September.

The National Bank of Poland is scheduled to report the core CPI data at 8 am ET. Core inflation is expected to rise to 0.9 percent from 0.8 percent.

In speeches, European Central Bank executive board member Benoit Coeure is set to speak at Basel, Switzerland at 7.15 am ET and the bank's chief economist Peter Praet will be speaking at Brussels at 8.10 am ET.