European Economics Preview: Eurozone Flash PMI Data Due
23 August 2016 - 11:40AM
RTTF2
Flash Purchasing Managers' survey data from euro area is due on
Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, Switzerland's foreign trade data is due for July.
The trade surplus totaled CHF 3.55 billion in June.
At 3.00 am ET, Markit releases France's PMI results. The
manufacturing PMI is forecast to rise to 48.8 in August from 48.6
in July. The services PMI is seen unchanged at 50.5.
In the meantime, consumer confidence survey results are due from
Turkey. The reading is seen easing to 66.5 in August from 67 in
July.
At 3.30 am ET, Germany's PMI survey results are due. Economists
forecast the factory PMI to fall to 53.6 in August from 53.8 in
July. The services PMI is expected to drop to 54.3 from 54.4 a
month ago.
At 4.00 am ET, Eurozone composite PMI data is due. The composite
indicator is forecast to fall marginally to 53.1 in August from
53.2 in July.
At 6.00 am ET, the Confederation of British Industry is
scheduled to issue Industrial Trends survey data for August. The
industrial order balance is expected to fall to -10 percent in
August from -4 percent in July.
At 7.00 am ET, Turkey's central bank is set to announce its
interest rate decision. Economists forecast the bank to keep its
key 1-week repo rate unchanged at 7.50 percent.
At 8.00 am ET, Hungary's central bank is scheduled to publish
the results of monetary policy meeting. The bank is widely expected
to retain its base rate at 0.90 percent.
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