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

European Economics Preview: Eurozone Flash PMI Data Due

03/24/2020 - 00:58:00 (RTTNews)

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

At 2.00 am ET, producer prices and unemployment figures are due from Statistics Finland.

At 4.15 am ET, IHS Markit is scheduled to issue France's composite PMI data. The index is expected to fall sharply to 38.1 in March from 52.0 in February.

At 4.30 am ET, Germany's flash PMI survey results are due. Economists expect the composite indicator to decline to 41.5 in March from 50.7 in February.

At 5.00 am ET, IHS Markit publishes euro area PMI survey results. The composite output index is expected to plunge to 38.8 in March from 51.6 a month ago.

At 5.30 am ET, The UK IHS Markit/CIPS composite PMI data is due. The composite index is seen at 45.1 in March versus 53.0 in the previous month.

At 7.00 am ET, the Confederation of British Industry publishes monthly Industrial Trends survey results. Economists forecast the order book balance to drop to -35 percent in March from -18 percent in February.

At 9.00 am ET, Hungary's central bank announces its interest rate decision. The bank is widely expected to retain its key rate at 0.90 percent.

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