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

European Economics Preview: Eurozone Flash PMI Data Due

09/22/2017 - 00:56:00 (RTTNews)

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

At 2.45 am ET, the statistical office Insee publishes France's final quarterly national account report. Gross domestic product is forecast to grow 0.5 percent sequentially in the second quarter, unchanged from previous estimate.

At 3.00 am ET, IHS Markit releases France's flash PMI results. The composite PMI is seen at 55 in September, down from 55.2 in August.

Half an hour later, Germany's preliminary PMI data is due. The composite PMI is expected to drop marginally to 55.7 in September from 55.8 in August.

At 4.00 am ET, IHS Markit is scheduled to issue Eurozone composite PMI data. The score is seen at 55.6 in September versus 55.7 in the previous month.

In the meantime, Poland's unemployment data is due. Economists forecast the jobless rate to drop marginally to 7 percent in August from 7.1 percent in July.

At 6.00 am ET, the Confederation of British Industry releases Industrial Trends survey for September. The retail sales balance is seen unchanged at +13 percent.

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