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Financial News: European Economics Preview: Eurozone Final PMI Data Due

European Economics Preview: Eurozone Final PMI Data Due

09/02/2019 - 00:13:00 (RTTNews)

(RTTNews) - Final Purchasing Managers' survey data from euro area is due on Monday, headlining a busy day for the European economic news.

At 3.00 am ET, Purchasing Managers' survey results are due from Norway, Poland and Turkey. Poland's factory PMI is forecast to rise to 47.7 in August from 47.4 in July.

In the meantime, Turkey's GDP data is due. The economy is forecast to contract 2 percent on year in the second quarter, following a 2.6 percent fall in the first quarter.

At 3.45 am ET, IHS Markit is scheduled to issue Italy's manufacturing PMI data. The PMI is expected to rise slightly to 48.6 in August from 48.5 in July.

Thereafter, final PMI figures are due from France and Germany at 3.50 am and 3.55 am ET, respectively.

At 4.00 am ET, IHS Markit is set to release euro area factory PMI data. The final reading is forecast to match the flash estimate of 47.0 in August.

Half an hour later, UK Markit/CIPS manufacturing PMI figures are due. The PMI is seen at 48.8 in August versus 48.0 in July.

At 5.00 am ET, Italy's Istat releases July retail sales data. Sales had increased 1.9 percent on month in June.

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