Producer prices data from Germany is due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue German producer prices for July. Prices are forecast to climb 2.2 percent annually in July compared to a 2.4 percent rise in June.

At 4.00 am ET, the European Central Bank is scheduled to issue euro area current account figures for June. The current account surplus totaled seasonally adjusted EUR 30.1 billion in May.

At 5.00 am ET, Eurostat is set to release euro area construction output for June. Output had decreased 0.7 percent on month in May.

At 8.00 am ET, industrial production and producer prices are due from Poland. Economists forecast industrial production to fall 6.7 percent on month in July and producer prices to grow 2 percent from previous year.

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