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Financial News: European Economics Preview: Eurozone Unemployment Data Due

European Economics Preview: Eurozone Unemployment Data Due

07/01/2019 - 00:32:00 (RTTNews)

(RTTNews) - Unemployment and final manufacturing PMI results from euro area are due on Monday, headlining a busy day for the European economic news.

At 2.30 am ET, the Federal Statistical Office is slated to issue Swiss retail sales data for May.

At 3.00 am ET, PMI results are due from Hungary, Norway, Poland and Turkey.

At 3.45 am ET, IHS Markit publishes Italy's factory PMI data. The PMI is expected to fall to 48.7 in June from 49.7 in May.

Final PMI results are due from France at 3.50 am ET. The index is expected to match the flash estimate of 52.0.

At 3.55 am ET, final PMI and unemployment from Germany are due. The final PMI is seen at 45.4 in June, in line with preliminary estimate. The jobless rate is expected to remain unchanged at 5 percent in June.

At 4.00 am ET, IHS Markit publishes euro area factory PMI. Economists expect the index to match the flash score of 47.8.

At 4.30 am ET, Bank of England releases monthly lending data. Mortgage approvals are seen at 65,500 in May versus 66,300 in April.

In the meantime, UK Markit/CIPS manufacturing PMI is due. The indicator is forecast to drop to 49.2 in June from 49.4 in May.

At 5.00 am ET, Eurostat is scheduled to issue euro area jobless data for May. The jobless rate is expected to remain at 7.6 percent in May.

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