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European Economic News

European Economics Preview: Eurozone Flash PMI Data Due

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

Flash Purchasing Managers' survey results from Eurozone, Germany and France are due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to release producer prices for January. German producer prices are forecast to fall 0.8 percent year-on-year in January after declining 0.5 percent in December.

In the meantime, Switzerland's foreign trade figures for January are due. The surplus totaled CHF 0.52 billion in December.

At 2.45 am ET, the French statistical office Insee is set to issue consumer price figures. The EU harmonized inflation is seen at 0.9 percent in January, up from 0.8 percent in December.

At 3.00 am ET, French flash PMI data is due. The manufacturing PMI is expected to rise to 49.5 in February from 49.3 in January. Likewise, the services index is forecast to climb to 49.4 from 48.9 a month ago.

Half an hour later, German PMI figures are due. Economists forecast the manufacturing index to fall to 56.3 in February from 56.5, while the services PMI is seen rising to 53.4 from 53.1 a month ago.

At 4.00 am ET, Markit is set to publish Eurozone PMI results. The composite PMI is forecast to rise to 53.1 in February from 52.9 in January.

Also, Italy's industrial orders for December are due. Orders were up 3 percent year-on-year in November.

At 6.00 am ET, the Confederation of British Industry is set to publish Industrial Trends survey data. The U.K. industrial order balance is seen at 6 percent in February, compared to -2 percent in January.

Also, Ireland's consumer prices for January are due at 6.00.

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