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

European Economics Preview: UK Factory PMI Data Due

11/01/2017 - 02:43:00 (RTTNews)

(RTTNews) - Factory Purchasing Managers' survey data from the UK is due on Wednesday, headlining a light day for the European economic news.

At 3.00 am ET, the UK Nationwide Building Society releases house price data. Economists forecast house prices to rise 2.2 percent on month in October, faster than the 2 percent increase in September.

At 4.00 am ET, PMI reports are due from Norway and Turkey. Norway's PMI is seen at 54.0 in October versus 52.5 in September.

At 4.15 am ET, the Federal Statistical Office releases Swiss retail sales data. Economists forecast sales to grow 0.3 percent on year in September, in contrast to a 0.2 percent fall in August.

At 4.30 am ET, Switzerland's manufacturing PMI is due. The corresponding index is forecast to fall slightly to 61.3 in October from 61.7 in September.

At 5.30 am ET, UK CIPS/Markit manufacturing PMI is due. The index is seen unchanged at 55.9 in October.

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