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European Economics Preview: Eurozone Retail Sales Data Due

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Retail sales from Eurozone and Purchasing Managers' survey data from the U.K. are the major reports due on Friday.

At 3.00 am ET, the Czech Statistical Office is scheduled to publish retail sales for June. Economists forecast sales to fall 1.7 percent annually, following a 2.1 percent drop in May.

In the meantime, Turkey's consumer and producer prices are due. Annual inflation is seen rising to 9 percent from 8.87 percent in June.

Final PMI reports are due from France and Germany at 3.50 and 3.55 am ET, respectively. At 4.00 am ET, Eurozone final composite PMI is due. The composite reading is expected to match the flash estimate of 46.4 in July.

At 4.30 am ET, the U.K. CIPS/Markit services PMI is due. The index is seen improving to 51.6 in July from 51.3 a month ago.

Eurostat is scheduled to release Eurozone retail sales figures at 5.00 am ET. Economists forecast sales to fall 1.9 percent year-on-year in June after easing 0.8 percent in May. On a monthly basis, it is expected to ease 0.1 percent.

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