European Economic News Preview: Eurozone Flash PMI Data Due
21 June 2024 - 11:51AM
RTTF2
Flash Purchasing Managers' survey results from the euro area and
the UK are the top economic news due on Friday.
At 2.00 am ET, the Office for National Statistics is scheduled
to issue UK retail sales and public sector finance data. Retail
sales are forecast to rise 1.6 percent on month in May, in contrast
to the 2.3 percent decrease in April. The budget deficit is
forecast to narrow to GBP 14.5 billion from GBP 19.5 billion a
month ago.
At 2.45 am ET, France's statistical office INSEE publishes
business sentiment survey results for June. Economists forecast the
business confidence index to rise to 100 from 99 in May.
At 3.15 am ET, flash Purchasing Managers' survey results are due
from France. The composite PMI is expected to climb to 49.5 in June
from 48.9 a month ago.
At 3.30 am ET, Germany's flash PMI survey data is due. The
composite index is seen at 52.7 in June, up from 52.4 in May.
At 4.00 am ET, S&P Global publishes euro area flash PMI
survey results. Economists expect the composite index to rise to
52.5 in June from 52.2 in May.
At 4.30 am ET, UK S&P Global is slated to release composite
PMI data. The composite indicator is forecast to rise to 53.1 in
June from 53.0 a month ago.
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