European Economics Preview: UK Industrial Output, Foreign Trade Data Due

Industrial production and foreign trade figures from the U.K. are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's foreign trade data for January. Exports are forecast to rise 2 percent on month and imports to grow 0.5 percent in January.

Also, Germany's labor cost and wholesale prices are due from Destatis.

Statistics Norway releases consumer and producer prices for February at 2.00 am ET. Economists forecast inflation to rise to 2.9 percent in February from 2.8 percent in January.

At 2.45 am ET, the French statistical office Insee publishes industrial output data for January. Economists forecast industrial production to grow 0.5 percent on month in January, following a 0.9 percent drop in December.

At 3.00 am ET, retail sales from Spain and trade data from Hungary are due. Spain's retail sales are forecast to grow 2.5 percent annually, slower than December's 2.9 percent increase.

At 4.30 am ET, the Office for National Statistics is set to issue UK industrial output and foreign trade figures. Industrial production is forecast to fall 0.5 percent on month in January, reversing a 1.1 percent rise in December.

The visible trade gap is forecast to widen to GBP 11.1 billion in January from GBP 10.89 billion in December.

In the meantime, the Bank of England is slated to release Inflation Attitudes survey.

At 5.00 am ET, Greece consumer price figures are due for February. Prices had increased 1.2 percent annually in January.