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European Economics Preview: Eurozone Final Composite PMI Data Due

preview oct03 05aug20 lt

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

At 3.00 am ET, the Czech Statistical Office releases retail sales data for June.
Sales are forecast to climb 3.6 percent on year, reversing a 0.7 percent drop in May.
In the meantime, retail sales data is due from Hungary.

At 3.15 am ET, Markit publishes Spain's services PMI data. Economists forecast the index to rise to 52.0 in July from 50.2 in June.

At 3.30 am ET, Statistics Sweden is scheduled to issue quarterly national accounts for the second quarter and industrial production for June.

At 3.45 am ET, Italy's services PMI data is due. The services index is seen at 51.1 in July versus 46.4 in June.

Thereafter, final PMI survey results are due from France and Germany at 3.50 and 3.55 am ET, respectively.

At 4.00 am ET, Eurozone final PMI data is due. The composite indicator is seen unchanged from the flash estimate, at 54.8 in July versus 48.5 in June.

Half an hour later, IHS Markit is scheduled to issue UK's final composite PMI survey results. According to flash estimate, the composite index rose to a 61-month high of 57.1 in July from 47.7 in June.

At 5.00 am ET, Eurostat is slated to issue Eurozone retail sales data for June. Economists forecast sales to grow 5.9 percent on month, slower than the 17.8 percent increase seen in May.

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