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European Economic News

European Economics Preview: Eurozone Unemployment Data Due

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Unemployment and final Purchasing Managers' survey results from Eurozone are the major reports due on Friday.

At 3.00 am ET, Hungary's final trade data for March is due. Also, manufacturing PMI survey data from Norway, Poland and Turkey are due in the meantime.

At 3.15 am ET, the Federal Statistical Office is slated to publish Swiss retail sales for April. Sales increased 4.2 percent annually in March.

PMI data from Italy is due at 3.45 am ET. Economists forecast the manufacturing index to fall to 43.5 in May from 43.8 in April. Thereafter final PMI from France and Germany are due.

At 4.00 am ET, Markit Economics is set to publish final Eurozone manufacturing PMI figures. The reading is expected to match the flash estimate of 45 in May.

Half an hour later, U.K. CIPS/Markit manufacturing PMI is due. The index is forecast to drop to 49.7 in May from 50.5 a month ago.

At 5.00 am ET, Eurostat is scheduled to release Eurozone unemployment data. The jobless rate is forecast to rise to 11 percent in April from 10.9 percent in March.

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