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

European Economics Preview: UK Factory PMI Data Due

06/01/2018 - 02:09:00 (RTTNews)

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

At 3.00 am ET, quarterly national accounts from the Czech Republic and final foreign trade data from Hungary are due.

At 3.15 am ET, IHS Markit releases Spain's manufacturing PMI. The index is forecast to drop to 54 in May from 54.4 in April.

At 3.30 am ET, Swiss factory PMI is due. The score is seen at 62.5 in May versus 63.6 in April.

Thereafter final PMI figures are due from France and Germany are due at 3.50 and 3.55 am ET, respectively.

At 4.00 am ET, Eurozone final manufacturing PMI is due. The reading is expected to match the flash estimate of 55.5.

Half an hour later, UK CIPS/Markit releases factory PMI. Economists forecast the index to fall to 53.5 in May from 53.9 in April.

At 5.00 am ET, Italy's Istat publishes final GDP data for the first quarter. The statistical office is expected to confirm 0.3 percent sequential growth.

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