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European Economics Preview: Eurozone PMI, Jobless Data Due

European Economics Preview: Eurozone PMI, Jobless Data Due
4/2/2012 2:08 AM ET

Purchasing Managers' survey results and unemployment from Eurozone are the major statistical reports due on Monday, headlining a busy day for the European economic news.

At 3.00 am ET, GDP for the fourth quarter and Purchasing Managers' survey are due from Turkey.

At 3.15 am ET, the Federal Statistical Office is scheduled to release Swiss retail sales figures for February. Retail sales had increased 4.4 percent year-on-year in January.

Markit Economics is set to publish Italy's manufacturing PMI at 3.45 am ET and French final PMI at 3.50 am ET. The French PMI is seen at 47.6, unchanged from flash estimate.

Likewise, German final PMI, due at 3.55 am ET, is forecast to fall to 48.1, in line with flash estimate, from 50.2 in February.

At 4.00 am ET, the Eurozone manufacturing PMI data is due. According to flash estimate, the index fell to 47.7 in March from 49 in the previous month.

Half an hour later, the Bank of England is scheduled to release housing equity withdrawal figures for the fourth quarter. U.K. housing equity withdrawal is seen at -GBP 7.6 billion compared to -GBP 8.6 billion in the third quarter.

Eurostat is set to release Eurozone unemployment figures at 5.00 am ET. The jobless rate is seen rising to 10.8 percent in February from 10.7 percent in January.

Germany's "Bubills"auction results are due at 5.30 am ET. The government aims to raise a maximum of EUR 4 billion.

by RTT Staff Writer

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