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

European Economic News Preview: Eurozone Flash PMI Data Due

10/24/2023 - 00:05:00 (RTTNews)

(RTTNews) - Flash Purchasing Managers' survey results from the euro area and unemployment data from the UK are the top economic news due on Tuesday.

At 2.00 am ET, the Office for National Statistics publishes UK unemployment data for August. The jobless rate is forecast to remain unchanged at 4.3 percent in three months to August.

In the meantime, Germany's Gfk consumer confidence survey data is due. The forward-looking consumer sentiment index is seen at -26.5 in November, the same reading as in October.

At 3.15 am ET, S&P Global publishes France's flash PMI data. Economists forecast the composite indicator to edge up to 44.2 in October from 44.1 in September.

At 3.30 am ET, Germany's flash PMI data is due. The HCOB composite output index is forecast to climb marginally to 46.7 in October from 46.4 in September.

Half an hour later, Eurozone flash composite PMI survey results are due. The indicator score is seen at 47.4 in October, up from 47.2 a month ago.

At 4.30 am ET, S&P Global is scheduled to issue the UK composite PMI data. Economists forecast the composite index to rise to 48.8 in October from 48.5 in September.

At 6.00 am ET, the Confederation of British Industry releases Industrial Trends survey data.

At 8.00 am ET, Hungary's central bank announces its monetary policy decision. The bank is likely to cut the base rate by 50 basis points to 12.5 percent.

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