Germany’s GDP was revised higher in the second estimate for Q3, but GfK Consumer Confidence was below expectations once again. European Central Bank Chief Economist Lane said that long term inflation expectations are well anchored. NHS Nurses in the U.K. are planning a strike for December 15 and December 20. Spain’s plan to impose a windfall tax on banks and energy companies is making its way through parliament.
Germany’s Q3 GDP 0.4% qtr/qtr (expected 0.3%; last 0.1%); 1.2% yr/yr (expected 1.1%; last 1.7%). December GfK Consumer Climate -40.2 (expected -39.6; last -41.9)
France’s November Consumer Confidence 83, as expected (last 82)
Italy’s November Business Confidence 102.5 (expected 99.6; last 100.7) and Consumer Confidence 98.1 (expected 91.0; last 90.1). October non-EU trade deficit EUR2.04 bln (last deficit of EUR5.44 bln)
Spain’s October PPI 26.1% yr/yr (last 35.6%) o Swiss Q3 Employment Level 5.362 mln (last 5.316 mln)