Retail sales and quarterly national accounts from euro area are due on Wednesday, headlining a busy day for the European economic news.
At 2.00 am ET, Finland's first quarter GDP data is due. The economy is forecast to fall 0.1 percent sequentially, after falling 0.5 percent in the prior quarter. In the meantime, Ireland's PMI data is due.
At 3.00 am ET, the Czech Statistical Office is slated to release average real wages and retail sales. Retail sales are forecast to fall 0.3 percent year-on-year in April, after easing 3.3 percent in March.
Also, Hungary's retail sales are due. Economists forecast sales to drop 0.6 percent on a yearly basis, after declining 2.9 percent in March.
Thereafter final PMI reports are due from France, Germany and Eurozone. The Eurozone final composite PMI, due at 4.00 am ET, is seen at 47.7 in May, unchanged from flash estimate.
At 4.30 am ET, Markit Economics is set to publish U.K. services PMI. The index is expected to rise to 53.1 in May from 52.9 in April.
Half an hour later, Eurozone retail sales data is due. Retail sales are forecast to fall 0.2 percent month-on-month in April, following a 0.1 percent drop in March.
Eurostat is also scheduled to release second estimate for Eurozone GDP. According to preliminary estimate, the economy shrank 0.2 percent in the first quarter.
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