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Financial News: European Economics Preview: Eurozone Unemployment, Final P

European Economics Preview: Eurozone Unemployment, Final PMI Data Due

05/02/2017 - 01:41:00 (RTTNews)

(RTTNews) - Unemployment and final Purchasing Managers' survey from euro area are due on Tuesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany's labor market statistics for March. Russia's factory PMI is also due.

At 3.00 am ET, IHS Markit publishes PMI survey results for Poland and Turkey.

At 3.45 am ET, Italy's factory PMI data is due. The factory PMI is forecast to rise to 55.9 in April from 55.7 in March. Thereafter, final PMI results are due from France and Germany.

At 3.55 am ET, the Federal Labor Agency releases Germany's unemployment data. The number of people out of work is forecast to decrease 11,000 in April after falling 30,000 in March.

At 4.00 am ET, Eurozone final PMI data is due. The factory PMI is forecast to match the flash score of 56.8 in April.

In the meantime, Italy's unemployment data for March is due. The jobless rate was 11.5 percent in February.

At 4.30 am ET, IHS Markit releases UK factory PMI data. Economists forecast the index to fall to 54.0 in April from 54.2 in March.

At 5.00 am ET, Eurostat is scheduled to release euro area unemployment figures for March. The jobless rate is expected to fall to 9.4 percent in March from 9.5 percent in February.

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