RTTNews - Among the European economic news releases scheduled for Friday, a final report from the French statistical office INSEE is expected to confirm its preliminary estimate to show the economy's contraction in the first quarter following declines in previous three quarters.

At 2.00am ET, Germany's Federal Statistical Office is likely to release a report on import prices, which according to economists would fall 10.3% year-on-year in May. On a monthly basis, import prices are expected to grow 0.3% after a fall of 0.8% in April.

At the same time, the Statistics Finland would be releasing building permits statistics for April.

Estonia's foreign trade data for April is also due at 2.00am ET.

Thereafter, French statistical office is expected to publish final report on the first quarter economic performance at 2.45am ET. According to a preliminary report released on May 15, the French economy contracted 1.2% sequentially in the first quarter after shrinking by 1.5% in the final quarter of the previous year. On an annual basis, gross domestic product or GDP dropped 3.2%. Economists expect the statistical agency to confirm its preliminary estimate.

INSEE is also scheduled to announce results of the consumer confidence survey for June. Households' sentiment indicator is expected to brighten to minus 39 from May's minus 40.

A report on Italy's large company employment for the month of April is due at 4.00am ET from Istat. There is another report due from the statistical agency regarding hourly wages for May. Annually, hourly wages are expected to rise 3.1%.

Swiss economic think tank KOF is due to release leading indicator figure for June at 5.30am ET. The reading is forecast to improve to minus 1.75 from minus 1.86.

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