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

European Economics Preview: Eurozone Flash PMI Data Due

06/23/2020 - 01:06:00 (RTTNews)

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

At 3.15 am ET, France preliminary Purchasing Managers' survey results are due for June. The composite output index is expected to advance to 46.3 in June from 32.1 in the previous month.

At 3.30 am ET, IHS Markit releases Germany's flash PMI data. Economists forecast the composite index to rise to 44.2 in June from 32.3 in the previous month.

Half an hour later, Eurozone flash PMI results are due. The composite output index is seen at 42.4 in June versus 31.9 a month ago.

At 4.30 am ET, IHS Markit is slated to publish UK composite PMI survey data. The flash composite indicator is expected to improve to 41.0 in June from 30.0 in May.

At 8.00 am ET, Hungary's central bank announces its rate decision. The bank is expected to retain its key rate at 0.9 percent.

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