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European Economics Preview: Eurozone Flash PMI Data Due

preview jun21 lt

Flash Purchasing Managers' survey from euro area and public sector finance from the UK are due on Friday, headlining a light day for the European economic news.

At 3.15 am ET, IHS Markit releases France's flash composite PMI data. Economists forecast the index to rise marginally to 51.3 in June from 51.2 in May.

At 3.30 am ET, Germany's composite PMI data is due. The composite index is seen at 52.5 in June versus 52.6 a month ago.

At 4.00 am ET, IHS Markit is slated to release PMI survey results for euro area. The composite PMI is forecast to rise to 52.0 in June from 51.8 in May.

In the meantime, industrial output and producer price reports are due from Poland. Industrial production is seen rising 7.5 percent annually in May, following a 9.2 percent rise in April. Producer price inflation is expected to ease to 1.6 percent in May from 2.6 percent a month ago.

At 4.30 am ET, the Office for National Statistics releases UK public sector finance data. The budget deficit is expected to narrow to GBP 4.1 billion in May from GBP 5.8 billion in April.

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