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Financial News: European Economics Preview: Eurozone Final PMI, Investor C

European Economics Preview: Eurozone Final PMI, Investor Confidence Data Due

10/05/2020 - 01:08:00 (RTTNews)

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

At 3.00 am ET, consumer and producer prices from Turkey and retail sales from Hungary are due. Turkish inflation is forecast to rise to 12.13 percent in September from 11.77 percent in August.

At 3.15 am ET, Spain's services PMI data is due. The index is expected to fall to 46.3 in September from 47.7 in August.

At 3.45 am ET, composite PMI figures from Italy are due. Economists forecast the services indicator to drop to 46.6 from 47.1 in August.

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

At 4.00 am ET, IHS Markit releases euro area composite PMI survey data. The score is seen at 50.1 in September, unchanged from the flash estimate.

Half an hour later, UK IHS Markit/CIPS composite PMI data is due. The UK composite output index is forecast to fall to 55.7 in September, as initially estimated, from 59.1 in August.

In the meantime, Eurozone Sentix investor confidence survey results are due. Economists expect the index to fall to -9.5 in October from -8.0 in September. At 5.00 am ET, Eurostat is scheduled to issue euro area retail sales data for August. Sales are forecast to climb 2.4 percent on month, in contrast to a 1.3 percent drop in July.

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