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European Economics Preview: Eurozone PMI, UK Retail Sales Data Due


Flash Purchasing Managers' survey results from Eurozone and retail sales from the U.K. are due on Thursday, headlining a hectic day for the European economic news.

At 2.00 am ET, Destatis is slated to publish Germany's producer prices for August. Producer price inflation is seen rising to 1.5 percent from 0.9 percent in July.

In the meantime, Swiss trade balance for August is due. The trade surplus totaled CHF 2.9 billion in July.

At 3.00 am ET, flash Purchasing Managers' survey results are due from France. The manufacturing PMI is forecast to rise to 46.4 in September from 46 in August. The services PMI is expected to rise to 49.5 from 49.2 a month ago.

The Federal Statistical Office is set to publish Switzerland's industrial output for the second quarter at 3.15 am ET.

At 3.30 am ET, Germany's flash PMI data is due. The manufacturing PMI is forecast to rise to 45.2 and services PMI to climb to 48.5 in September.

Eurozone flash PMI data is due at 4.00 am ET. The composite index is forecast to rise to 46.6 in September from 46.3 in August.

Half an hour later, the Office for National Statistics is slated to release U.K. retail sales for August. Retail sales are forecast to fall 0.3 percent month-on-month, reversing 0.3 percent rise in July.

The Spanish government plans to raise up to EUR 4.5 billion from the auction of securities maturing in 2017 and 2022. The results of the issue are due at 4.30 am ET.

The Confederation of British Industry is set to publish industrial trends survey data at 6.00 am ET. The order book balance is seen at -15 in September compared to -21 in August.

by RTTNews Staff Writer

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