Financial News: European Economic News Preview: Eurozone Flash PMI Data

European Economic News Preview: Eurozone Flash PMI Data Due

02/21/2023 - 01:08:00 (RTTNews)

(RTTNews) - Flash Purchasing managers' survey results from major European economies and economic sentiment from Germany are due on Tuesday, headlining a busy day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK public sector finance data for January. The budget deficit is seen narrowing to GBP 6.95 billion from GBP 27.4 billion in the previous month.

In the meantime, the European Automobile Manufacturers Association publishes Europe's new car registrations data for January.

At 3.15 am ET, S&P Global releases France's flash composite Purchasing Managers' survey data. Economists forecast the composite index to rise to 49.9 in February from 49.1 in the previous month.

At 3.30 am ET, Germany's flash PMI data is due. The composite output index is seen at 50.4 in February, up from 49.9 a month ago.

Half an hour later, S&P Global releases euro area flash PMI data. Economists expect the composite index to rise to 50.6 in February from 50.3 in the prior month.

At 4.30 am ET, S&P Global/CIPS releases UK flash composite PMI survey results. The composite indicator is expected to rise moderately to 49.0 in February from 48.5 in the previous month.

At 5.00 am ET, Germany's economic confidence survey data is due. Economists expect the confidence index to rise to 22.0 in February from 16.9 in January.

At 6.00 am ET, the Confederation of British Industry is scheduled to issue Industrial Trends survey results. The order book balance is forecast to rise to -14 percent from -17 percent in January.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

German GDP To Fall Slightly In Q1: Bundesbank (03 min(s), 03 sec(s) ago)
(RTTNews) - The German economy is likely to fall in the first quarter but the decline will be slow ...Full Story»

Major Central Banks Try To Stem Contagion After Credit Suisse Rescue (17 min(s), 03 sec(s) ago)
(RTTNews) - World's major central banks announced a joint effort to prevent the banking crisis ...Full Story»

UK House Prices Rise In March: Rightmove (32 min(s), 03 sec(s) ago)
(RTTNews) - After flattening in February, UK house prices increased in March due to a jump in the ...Full Story»

Eurozone Trade Gap Narrows In January (01 hr(s), 13 min(s), 03 sec(s) ago)
(RTTNews) - Euro area trade deficit narrowed at the start of the year as the pace of fall in impor ...Full Story»

Poland Industrial Output Contracts; Producer Price Inflation At 1-Year Low (01 hr(s), 47 min(s), 03 sec(s) ago)
(RTTNews) - Poland's industrial production declined for the first time in thirty-three months ...Full Story»

Taiwan Export Orders Continue To Fall In February (03 hr(s), 11 min(s), 03 sec(s) ago)
(RTTNews) - Taiwan's export orders continued to decline in February, data released by the Mini ...Full Story»

Germany Producer Price Inflation Eases To 15.8%, Lowest Since Sep 2021 (05 hr(s), 08 min(s), 03 sec(s) ago)
(RTTNews) - Germany's producer price inflation eased for the fifth straight month in February ...Full Story»

Malaysia Trade Surplus Shrinks To MYR 19.56 Bln (06 hr(s), 35 min(s), 03 sec(s) ago)
(RTTNews) - Malaysia's trade surplus decreased slightly in February, as imports grew faster th ...Full Story»