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Financial News: European Economics Preview: Eurozone Retail Sales, Final P

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

07/05/2017 - 02:21:00 (RTTNews)

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

3.00 am ET, Hungary's retail sales data is due. Sales are forecast to climb 3.7 percent year-on-year in May, following a 1.7 percent rise in April.

At 3.15 am ET, IHS Markit releases Spain's services PMI data. The index is seen at 56.5 in June compared to 57.3 in May.

At 3.30 am ET, Statistics Sweden is slated to issue industrial output data for May. Economists forecast production to grow 1 percent month-on-month in May, reversing a 2.4 percent fall in April.

At 3.45 am ET, Italy's services PMI report is due. Economist forecast the index to fall to 54.6 in June from 55.1 in May. Thereafter final PMI reports are due from France and Germany.

At 4.00 am ET, Eurozone final composite PMI data is due. The index is seen at 55.7 in June, in line with the flash estimate.

At 4.30 am ET, IHS Markit releases UK services PMI report for June. Economists forecast the index to fall to 53.5 from 53.8 in May.

At 5.00 am ET, Eurostat publishes euro area retail sales data for May. Sales are forecast to rise 0.3 percent on month in May, faster than the 0.1 percent increase in April.

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