European Economics Preview: Eurozone Flash PMI Data Due
21 February 2017 - 11:52AM
RTTF2
Flash Purchasing managers' survey from euro area and public
sector finance data from the UK are due on Tuesday, headlining a
light day for the European economic news.
At 2.00 am ET, foreign trade from Switzerland and unemployment
from Finland are due.
At 2.45 am ET, the French statistical office Insee publishes
final inflation figures for January. Inflation is seen at 1.4
percent, unchanged from flash estimate.
At 3.00 am ET, Markit releases preliminary French PMI data. The
manufacturing PMI is seen falling to 53.5 in February from 53.6 in
January. Likewise, the services PMI is forecast to drop to 53.9
from 54.1 a month ago.
At 3.30 am ET, Germany's flash PMI results are due. Economists
forecast the factory PMI to drop to 56 in February from 56.4 in
January. Meanwhile, the services index is expected to improve to
53.6 from 53.4 in the prior month.
At 4.00 am ET, Markit publishes Eurozone flash PMI data. The
composite PMI is expected to drop to 54.3 in February from 54.4 in
January.
At 4.30 am ET, the Office for National Statistics is set to
issue public sector finance data for January. The UK budget balance
is forecast to show a deficit of GBP 14 billion versus a surplus of
GBP 6.9 billion in December.
Bank of England Governor Mark Carney is set to speak at the
parliament at 5.00 am ET.
Euro vs NZD (FX:EURNZD)
Forex Chart
From Apr 2024 to May 2024
Euro vs NZD (FX:EURNZD)
Forex Chart
From May 2023 to May 2024