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European Economics Preview: Eurozone Flash PMI Data Due

European Economics Preview: Eurozone Flash PMI Data Due
6/21/2012 1:50 AM ET

Purchasing Managers' survey results from Eurozone and retail sales from the U.K. are the major statistical reports due on Thursday.

At 2.00 am ET, Switzerland's trade figures for May are due. The trade surplus totaled CHF 1.26 billion in April.

Markit Economics is set to publish flash Purchasing Managers' survey results for France at 3.00 am ET. The manufacturing PMI is forecast to fall to 44.5 in June from 44.7 in May. At the same time, the services PMI is seen unchanged at 45.1.

Switzerland's industrial production is due from the Federal Statistical Office at 3.15 am ET. Production is expected to fall 7.2 percent sequentially in the first quarter.

Germany's flash PMI figures are due at 3.30 am ET. The manufacturing and services PMI readings are seen at 45.2 and 51.5, respectively. At 4.00 am ET, Eurozone PMI figures are due. The composite index is forecast to fall to 45.5 in June from 46 in May.

The Office for National Statistics is slated to publish U.K. retail sales data at 4.30 am ET. Retail sales are forecast to grow 0.7 percent month-on-month in May after easing 1 percent in April.

Spain intends to raise between EUR 1 billion and 2 billion from the auction of bonds maturing in 2014, 2015 and 2017.

At 4.50 am ET, French auctions results are due. The government targets a maximum of EUR 10 billion from BTAN and OAT linker auction.

The Confederation of British Industry is scheduled to release its Industrial Trends survey results at 6.00 am ET. The order book balance is seen at -20 percent in June compared to -17 percent in May.

Turkey's central bank is set to announce its interest rate decision at 7.00 am ET. The bank is expected to retain its key one-week repo rate at 5.75 percent.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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