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Financial News: European Economics Preview: Eurozone Final PMI, Retail Sal

European Economics Preview: Eurozone Final PMI, Retail Sales Data Due

10/02/2019 - 23:18:00 (RTTNews)

(RTTNews) - Final Purchasing Managers' survey data and retail sales from euro area are due on Thursday, headlining a busy day for European economic news.

At 3.00 am ET, consumer and producer prices are due from Turkey. In the meantime, Hungary's retail sales data is due.

At 3.15 am ET, Markit releases Spain's services PMI survey results. Economists expect the index to drop to 53.9 in September from 54.3 in August.

At 3.45 am ET, Italy's composite PMI data is due. The PMI reading is expected to fall to the neutral 50 level in September.

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

At 4.00 am ET, IHS Markit publishes final euro area PMI data. The composite indicator is seen at 50.4 in September, unchanged from flash estimate.

At 4.30 am ET, IHS Markit is scheduled to issue UK services PMI results. The index is seen easing to 50.3 in September from 50.6 in August.

At 5.00 am ET, Eurostat releases euro area retail sales and producer prices figures. Retail sales are forecast to grow 0.3 percent on month in August, reversing a 0.6 percent drop in July.

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