Business confidence from Germany and retail sales from the UK are due on Friday, headlining a light day for the European economic news.

At 3.00 am ET, the Office for National Statistics publishes UK retail sales data for February. Economists forecast retail sales to grow 2.1 percent on month, reversing January’s 8.2 percent fall.

At 4.00 am ET, Spain INE releases quarterly GDP data for the fourth quarter. The statistical office is expected to confirm 0.4 percent sequential growth.

At 4.30 am ET, Statistics Sweden publishes retail sales and foreign trade data for February. Sales had increased 3.4 percent on month in January.

At 5.00 am ET, Germany’s ifo institute is set to issue business confidence survey results. Economists forecast the business sentiment index to rise to 93.2 in March from 92.4 in February.

In the meantime, Italy’s Istat releases business and consumer sentiment survey data. The business confidence index is seen at 99.4 in March, up from 99.0 in February.

The material has been provided by InstaForex Company –

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