Producer prices from Eurozone and retail sales from Germany are the major statistical reports due on Friday, headlining a light day for the European economic news.
Germany's retail sales are due from the Federal Statistical Office at 2.00 am ET. Retail sales growth is seen at 0.5 percent month-on-month compared to 0.1 percent rise in December.
In the meantime, Statistics Finland is slated to publish fourth quarter GDP figures. The economy is forecast to grow 0.1 percent sequentially after rising 0.9 percent in the third quarter.
Norway's retail sales data is due at 4.00 am ET. Retail sales are expected to grow 0.3 percent month-on-month in January, offsetting December's 0.3 percent drop.
At 4.30 am ET, the U.K. CIPS/Markit construction Purchasing Managers' survey results are due. The index is forecast to fall marginally to 51.3 in February from 51.4 in January.
At 5.00 am ET, Eurostat is scheduled to issue Eurozone producer prices for January. Economists forecast producer price inflation to slow to 3.6 percent annually from 4.3 percent in December.
Italy's 2011 annual GDP data is also due at the same time. GDP growth is seen at 0.3 percent.
On Thursday, Eurozone finance ministers authorized the first payments to Greece under its second, EUR 130 billion bailout package.
Today, the European Council will meet in Brussels. The EU heads of state or government will focus on economic policy and review the economic situation in Europe. In the margins of the European Council, the "fiscal compact" will be signed.
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