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Economy And The Numbers

European Economics Preview: Eurozone Retail Sales Data Due

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

Retail sales from Eurozone and Purchasing Managers' survey results from the U.K. are the major reports due on Wednesday.

At 3.00 am ET, the Czech Statistical Office is slated to release retail sales for May. Economists forecast sales to drop 3.5 percent year-on-year in May. In the meantime, Romania's GDP and Slovak retail sales are due.

Half an hour later, Sweden's central bank, Riksbank is set to announce its interest rate decision. The bank is expected to retain its key rate at 1.50 percent.

Final Purchasing Managers' survey results are due France and Germany at 3.50 and 3.55 am ET, respectively.

At 4.00 am ET, Eurozone final composite PMI data is due. The index is forecast to match the flash estimate of 46 in June.

The U.K. CIPS/Markit services PMI is due at 4.30 am ET. The index is seen falling to 52.9 in June from 53.3 a month ago. At the same time, housing equity withdrawal data is due from the Bank of England.

Eurozone retail trade figures for May are due at 5.00 am ET. Economists forecast Eurozone sales to remain flat on a monthly basis in May after easing 1.2 percent in April. Annually, sales are expected to drop 1 percent.

At 5.30 am ET, Germany's Bobl auction results are due. The government aims to issue EUR 4 billion securities.

Poland's central bank is scheduled to announce the interest rate at 7.00 am ET. The base rate is seen unchanged at 4.75 percent.

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