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Financial News: European Economics Preview: Eurozone Final Composite PMI D

European Economics Preview: Eurozone Final Composite PMI Data Due

09/05/2018 - 01:34:00 (RTTNews)

(RTTNews) - Purchasing Managers' survey data from euro area and the UK are due on Wednesday, headlining a busy day for the European economic news.

At 3.00 am ET, IHS Markit is set to publish France's composite PMI survey data. The score is seen at 55.1 in August, in line with initial estimate.

In the meantime, the Czech Statistical Office publishes retail sales figures for July. Economists forecast sales to advance 5.9 percent on year, faster than the 1.4 percent rise seen in June.

Also, Hungary's final GDP and retail sales reports are due at 3.00 am ET.

At 3.30 am ET, Germany's final PMI data is due. The composite indicator is seen at 55.7 in August, in line with preliminary estimate.

In the meantime, Statistics Sweden releases industrial production and orders figures for July.

At 4.00 am ET, IHS Markit releases euro area final composite PMI for August. The final reading is expected to match the flash estimate of 54.4.

At 4.30 am ET, UK IHS Markit/CIPS services PMI is due. The index is seen rising to 53.9 in August from 53.5 in July.

At 5.00 am ET, Eurozone retail sales data is due from Eurostat. Sales are forecast to drop 0.1 percent on month in July, in contrast to a 0.3 percent rise in June.

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