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

European Economics Preview: UK Factory PMI Data Due

08/01/2018 - 01:46:00 (RTTNews)

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

At 2.00 am ET, UK Nationwide house price data is due. Economists forecast house prices to rise 1.8 percent on year in July after climbing 2 percent in June.

At 3.00 am ET, factory Purchasing Managers' survey results are due from Poland, Turkey and the Netherlands.

At 3.15 am ET, IHS Markit publishes Spain's manufacturing PMI. The index is seen falling to 53.0 in July from 53.4 in June.

At 3.30 am ET, Switzerland's PMI figures are due. The PMI score is forecast to drop to 60.9 in July from 61.6 in June.

At 3.45 am ET, Italy's manufacturing PMI is due. Economists expect a fall in the index score to 53.0 in July from 53.3 in the previous month.

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

At 4.00 am ET, Eurozone PMI data is due. The final score is seen at 55.1 in July, unchanged from flash estimate.

At 4.30 am ET, IHS Markit releases UK factory PMI data. The index is expected to drop to 54.2 in July from 54.4 a month ago.

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