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

European Economics Preview: Eurozone Flash PMI Data Due

11/21/2019 - 23:04:00 (RTTNews)

(RTTNews) - Flash Purchasing Managers' survey from euro area and final GDP from Germany are due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany's final GDP data for the third quarter. According to preliminary estimate, the economy had expanded 0.1 percent sequentially.

At 3.15 am ET, IHS Markit releases France's flash PMI data. Economists forecast the composite output index to rise to 52.8 in November from 52.6 in October.

At 3.30 am ET, Germany's flash PMI data is due. The composite PMI is seen at 49.3 in November versus 48.9 a month ago.

At 4.00 am ET, IHS Markit publishes euro area flash PMI survey results. Economists expect the PMI to rise to 50.9 in November from 50.6 in October.

In the meantime, industrial output and producer price figures are due from Poland. Industrial production is forecast to expand 2.5 percent on year in October, following September's 5.6 percent increase. Producer price inflation is seen easing to 0.2 percent from 0.9 percent in September.

At 4.30 am ET, UK Markit/CIPS flash PMI survey data is due. The manufacturing PMI is expected to fall to 48.8 in November and the services index to rise to 50.1.

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