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Financial News: European Economics Preview: Eurozone Final PMI, Unemployme

European Economics Preview: Eurozone Final PMI, Unemployment Data Due

10/01/2018 - 00:45:00 (RTTNews)

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

At 2.00 am ET, Destatis is slated to publish Germany's retail sales data for August. Economists forecast sales to climb 0.5 percent on month, reversing a 0.4 percent fall in July.

At 3.00 am ET, Spain's INE releases retail sales data for August. Sales had dropped 0.6 percent on year in July. In the meantime, PMI figures are due from Poland, Norway and the Netherlands.

At 3.15 am ET, the Federal Statistical Office issues retail sales figures. Economists forecast Swiss sales to climb by real 1.7 percent on year in August.

At 3.45 am ET, IHS Markit is set to publish Italy's manufacturing PMI data. The index is seen rising to 50.2 in September from 50.1 in August.

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

At 4.00 am ET, Eurozone final factory PMI survey data is due. The score is expected to match the flash score of 53.3.

At 4.30 am ET, Bank of England is scheduled to release UK mortgage approvals for August. The number of mortgages approved in August is seen at 64,500 versus 64,800 in July.

UK Markit/CIPS factory PMI is also due at 4.30 am ET. The factory PMI is forecast to drop to 52.5 in September from 52.8 in August.

At 5.00 am ET, Eurostat is scheduled to issue euro area unemployment data for August. The jobless rate is forecast to drop to 8.1 percent in August from 8.2 percent in July.

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