The UK's monthly GDP data for January is expected to show a 0.2 percent rebound on a 0.1 percent drop in December.

Industrial production in the UK is forecast to decrease a monthly 0.1 percent in January following December's 0.6 percent gain. Manufacturing output, which rose 0.8 percent in December, is expected to hold unchanged.

The UK deficit on overall goods trade is forecast at £14.1 billion for January, little changed from December's £13.99 billion.

In Italy, the monthly data already released point to a 7.4 percent jobless rate in the final quarter of 2023, down from 7.6 percent in the third quarter.

In the Eurozone, industrial production in January is expected to fall a monthly 1.1 percent after jumping a surprising 2.6 percent in December. Consensus for January's year-over-year rate is 2.7 percent contraction versus December expansion of 1.2 percent.

There are no major data releases in North America or Asia.

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