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Financial News: European Economics Preview: UK Factory PMI Data Due

European Economics Preview: UK Factory PMI Data Due

04/03/2018 - 01:50:00 (RTTNews)

(RTTNews) - Manufacturing Purchasing Managers' survey from the UK and other major European economies are due on Tuesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales data for February. Sales are forecast to grow 0.8 percent on month, in contrast to a 1 percent fall in January.

At 3.00 am ET, quarterly national accounts from the Czech Republic and consumer prices from Turkey are due. Economists forecast inflation to ease to 10.03 percent in March from 10.26 percent in February.

At 3.15 am ET, the Federal Statistical Office releases Swiss retail sales for January. In the meantime, Spain's factory PMI is due.

At 3.45 am ET, IHS Markit is scheduled to release Italy's factory PMI. The index is seen at 55.5 in March versus 56.8 in February.

Thereafter, final PMI figures are due from France and Germany.

At 4.00 am ET, final Eurozone manufacturing PMI is due. The index is expected to match the flash score of 56.6 in March.

At 4.30 am ET, UK CIPS/Markit factory PMI is due. Economists forecast the index to fall to 54.7 in March from 55.2 in February.

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