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Financial News: European Economics Preview: Eurozone Final PMI Data Due

European Economics Preview: Eurozone Final PMI Data Due

12/03/2019 - 23:45:00 (RTTNews)

(RTTNews) - Final composite Purchasing Managers' survey results from euro area and the UK are due on Wednesday, headlining a light day for the European economic news.

At 3.15 am ET, IHS Markit releases Spain's services PMI for November. The index is forecast to fall to 51.9 from 52.7 in the previous month.

At 3.45 am ET, Italy's services PMI survey results are due. Economists forecast the index to drop to 51.2 in November from 52.2 a month ago.

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

At 4.00 am ET, IHS Markit is scheduled to issue euro area composite PMI survey data. The reading is seen at 50.3 in November, unchanged from the flash estimate.

At 4.30 am ET, the UK Markit/CIPS final composite PMI is due. Economists forecast the index score to match the flash estimate of 48.5 in November.

At 8.00 am ET, Poland central bank's interest rate decision is due. The bank is expected to maintain its key rate at 1.50 percent.

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