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Financial News: European Economics Preview: Eurozone Final PMI, Retail Sal

European Economics Preview: Eurozone Final PMI, Retail Sales Data Due

02/04/2020 - 23:24:00 (RTTNews)

(RTTNews) - Final Purchasing Managers' survey and retail sales figures are due from euro area on Wednesday, headlining a busy day for the European economic news.

At 1.45 am ET, Swiss SECO consumer confidence for the first quarter is due. Economists forecast the index to rise to -8.0 from -10.4 in the previous quarter.

At 3.00 am ET, retail sales figures are due from the Czech Republic and Hungary. Economists forecast the Czech retail sales to grow 5.3 percent on year in December, following a 2.9 percent rise in November.

Half an hour later, Statistics Sweden releases industrial production and orders data. Final composite PMI survey results are due from France and Germany at 3.50 am and 3.55 am ET, respectively.

At 3.55 am ET, Iceland's central bank announces its rate decision. The bank is expected to maintain its key rate at 3.00 percent.

At 4.00 am ET, IHS Markit is slated to release euro area final composite PMI survey results. The composite index is seen at 50.9 in January, unchanged from the flash estimate.

At 4.30 am ET, UK Markit/CIPS composite PMI is due. The composite indicator is forecast to match the flash estimate of 52.4 in January.

At 5.00 am ET, Eurostat is scheduled to publish euro area retail sales for December. Economists forecast retail sales to fall 1.1 percent on month, reversing a 1 percent rise in November.

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