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

European Economics Preview: Eurozone Flash PMI Data Due

07/24/2018 - 00:41:00 (RTTNews)

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

At 2.00 am ET, Statistics Finland releases producer prices and unemployment figures for June.

At 2.45 am ET, France's Insee publishes manufacturing sentiment survey results. The manufacturing sentiment index is seen unchanged at 110 in July.

At 3.00 am ET, France's flash PMI data for July is due. The composite PMI is forecast to drop marginally to 54.9 from 55.0 in June.

At 3.30 am ET, IHS Markit is set to release Germany's PMI data. The composite index is forecast to remain unchanged at 54.8 in July.

At 4.00 am ET, Eurozone flash composite PMI data is due. Economists forecast the indicator to ease to 54.8 in July from 54.9 a month ago.

In the meantime, Poland's unemployment data is due. The jobless rate is seen falling to 5.9 percent in June from 6.1 percent in May.

At 6.00 am ET, the Confederation of British Industry releases Industrial Trends survey results for July.

At 7.00 am ET, Turkey's central bank is set to announce its rate decision. The bank is expected to raise its repo rate to 18.75 percent from 17.75 percent.

At 8.00 am ET, Hungary's central bank publishes the outcome of its monetary council meeting. Economists expect the bank to keep its base rate unchanged at 0.90 percent.

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