International Forex Inforamtion

(RTTNews) - Wednesday, a slew of statistical reports are due from European economies. Among the major reports, German factory orders and Switzerland's unemployment data are expected to dominate the scene.

At 1.45 am ET, Switzerland's State Secretariat For Economic Affairs is slated to release its unemployment figures for September. The seasonally adjusted unemployment rate is expected to rise to 4.1% from 4% in August.

The GDP indicator data for July is expected from Statistics Finland at 2.00 am ET. The GDP indicator is forecast to drop 10.4% year-on-year, after the 11.1% decrease in the previous month.

At 3.00 am ET, trade balance figures for the Czech Republic is due. Economists expect a surplus of CZK 7.1 billion for August, down from July's surplus of CZK 12.3 billion.

At the same time, Romania's National Institute of Statistics is set to release its industrial production and retail sales data for August.

Norway's statistical office is scheduled to issue industrial production data for August at 4.00 am ET. Industrial output was down 0.5% on a monthly basis in July. Manufacturing output is forecast to rise 0.3% in August from last month but expect a fall 9.1% from a year ago.

At 5.00 am ET, the Eurostat is expected to release revised GDP numbers for the second quarter. According to initial estimate, the Eurozone economy contracted 0.1% sequentially and 4.7% annually in the second quarter. The statistical office is expected to confirm the initial estimate.

Germany's factory orders for August is scheduled for release at 6.00 am ET from the Federal Ministry of Economics and Technology. Economists expect factory orders to rise 1.1% on a monthly basis, after rising 3.5% in July. Meanwhile, production is forecast to drop 20% year-on-year compared to a 19.8% fall the last month.