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European Economics Preview: Eurozone Final Composite PMI Data Due

preview march04 lt

Final composite Purchasing Managers' survey data and retail sales from euro area are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales data for January. Sales are forecast to grow 1 percent on month, reversing a 3.3 percent fall in December.

At 2.30 am ET, the Federal Statistical Office is slated to issue Swiss consumer price data. Inflation is forecast to ease to 0.1 percent in February from 0.2 percent in January.

In the meantime, Sweden's services PMI data is due.

At 3.00 am ET, the Hungarian Central Statistical Office publishes monthly retail sales figures for January.

At 3.15 am ET, Spain's services PMI data is due. Economists forecast the index to rise to 52.5 in February from 52.3 in January.

At 3.45 am ET, IHS Markit releases Italy's PMI data. The services PMI is seen at 51.4 in February, unchanged from January.

Final PMI figures are due from France and Germany at 3.50 and 3.55 am ET, respectively.

At 4.00 am ET, IHS Markit is slated to issue Eurozone final composite PMI data. The composite indicator is forecast to match the flash estimate of 51.6 in February.

Half an hour later, UK final composite PMI data is due. The PMI score is seen at 53.3 in February, unchanged from flash estimate.

At 5.00 am ET, Euorstat publishes euro area retail sales data. Eurozone retail sales are forecast to grow 0.6 percent on month in January after falling 1.6 percent a month ago.

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