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

European Economics Preview: Eurozone Flash PMI Data Due

04/21/2017 - 00:57:00 (RTTNews)

(RTTNews) - Purchasing Managers' survey results from euro area and retail sales from the UK are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, foreign trade data from Statistics Norway is due for March. The surplus totaled NOK 23.5 billion in February.

At 3.00 am ET, IHS Markit publishes French flash PMI results. The manufacturing index is seen falling to 53.1 in April from 53.3 in March. The services index is forecast to fall to 57 from 57.5.

At 3.30 am ET, Germany's PMI data is due. Economists forecast the factory PMI to drop to 58.0 in April from 58.3 a month ago. Likewise, the services PMI to fall to 55.5 from 55.6.

At 4.00 am ET, Eurozone current account and composite PMI reports are due. The composite PMI is forecast to remain unchanged at 56.4 in April.

At 4.30 am ET, the Office for National Statistics releases UK retail sales for March. Sales are forecast to drop 0.5 percent on month, in contrast to a 1.4 percent rise in February.

In the meantime, Italy's current account data is due for February. The current account deficit totaled EUR 1.91 billion in January.

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