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European Economics Preview: Eurozone Manufacturing PMI Due

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

Manufacturing PMI surveys from all the major European economies are due on Monday, headlining a busy day for European economic news. All times in ET.

Friday was light on major economic reports. Nationwide said UK house prices rose for the first time in seven months in December, while Estonia officially became the 17th member of the eurozone on Saturday.

At 2:00 am, Markit is scheduled to release December manufacturing PMI data for the Irish Republic. The index had come in at 51.2 in the previous month.

Preliminary inflation data for December is due from the Spanish statistical office at 3:00 am. The year-on-year harmonized inflation rate was at 2.2% in November.

December manufacturing PMI figures for Hungary, Norway, Poland and Turkey are all due simultaneously.

At 3:15 am, Markit is slated to release Spanish PMI data for December. The indicator was at 50.0 in the prior month.

Credit Suisse and SVME are due to release Swiss PMI data for December at 3:30 am. Economists expect the indicator to fall to 61.5 from 61.8 in November.

Sweden's central bank is due to release the minutes of its December policy meeting at the same time.

At 3:45 am, Italian manufacturing PMI data is due from Markit, followed by revised French manufacturing PMI at 3:50 am.

Revised German manufacturing PMI is due at 3:55 am. The preliminary score of 60.9 is expected to be confirmed.

At 4:00 am, eurozone manufacturing PMI is due, with economists expecting the earlier estimate of 56.8 to be retained. Greece's manufacturing PMI is also due at the same time.

Manufacturing PMI figures for Denmark are due at 5:00 am.

Afterwards at 8:00 am, the Czech Republic is scheduled to release its budget balance figures for December.

Finally at 1:00 pm, Italian public finance figures for December are released.

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