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

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

09/03/2020 - 00:43:00 (RTTNews)

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

At 2.30 am ET, the Federal Statistical Office is set to issue Swiss consumer price data for August. Economists forecast consumer prices to fall 0.8 percent on year, following a 0.9 percent decrease in July.

At 3.00 am ET, consumer and producer prices from Turkey and retail sales from Hungary are due. Turkish inflation is seen rising to 11.91 percent in August from 11.76 percent in July.

At 3.15 am ET, Spain's services PMI data is due. Economists forecast the index to fall to 48.0 in August from 51.9 in July.

At 3.45 am ET, IHS Markit releases Italy's composite PMI data. The indicator is seen at 52.5 in August, unchanged from July.

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

At 4.00 am ET, Eurozone final PMI data is due from IHS Markit. The final reading is forecast to match the flash estimate of 51.6 in August.

Half an hour later, UK Markit/CIPS PMI survey data is due. The composite index is seen at 60.3 in August, in line with flash estimate.

At 5.00 am ET, Eurostat is set to issue euro area retail sales data for July. Economists forecast sales to rise 1.5 percent on month, following a 5.7 percent rise in June.

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