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Economy And The Numbers

European Economics Preview: SNB Rate Decision, Eurozone PMI Due

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

Interest rate decision by the Swiss National Bank, preliminary results of a private survey of Eurozone's manufacture sector performance as well as retail sales figures from the UK are the main highlights of Thursday's busy European economic news schedule.

At 2 am ET, Swiss customs administration is slated to release foreign trade data for May. Germany's Federal Statistical Office is also due to publish May producer price figures at the same time.

Markit Economics is scheduled to release flash results of the purchasing managers' survey of French manufacturing sector at 3 am ET.

At 3.30 am ET, the Swiss National Bank will deliver its monetary policy decision. The the central bank is expected to keep the Libor rate and franc cap unchanged. German PMI survey results and Dutch consumer confidence along with unemployment data are also expected at 3.30 am ET.

Eurozone's PMI survey outcome is slated to be published at 4 am ET. The survey is expected to show further contraction in private sector activity. Norges Bank's interest rate decision is expected at 4 am ET.

At 4.30 am ET, the Office for National Statistics is due to release the UK's retail sales figures for the month of May. Sales, including auto fuel, is forecast to rise 0.8 percent in May from a month earlier.

Eurozone finance ministers are meeting in Luxembourg today at 9 am ET. Flash Eurozone consumer confidence survey report from the European Commission is due at 10 am ET.

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