European Economics Preview: Eurozone Final PMI, German Unemployment Data Due

Final Purchasing Managers’ survey from euro area and unemployment from Germany are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, Finland’s GDP data for the fourth quarter and Switzerland’s UBS consumption indicator for January are due. The Swiss consumption index is seen unchanged at 1.5 in January.

At 3.15 am ET, IHS Markit publishes Spain’s factory PMI data. Economists forecast the PMI score to improve to 55.8 in February from 55.6 in January.

At 3.45 am ET, Italy’s factory PMI data is due. Economists forecast the index to rise to 53.5 from 53.0 in January.

At 3.50 am ET, the French final PMI report is due. The factory PMI is expected to match the flash score of 52.3 in February.

At 3.55 am ET, Germany’s final factory PMI and unemployment figures are due. The number of people claiming unemployment benefit is seen falling by 10,000 in February compared to a decline of 26,000 in January.

At 4.00 am ET, Eurozone final PMI data is due. Economists forecast the indicator to match the flash score of 55.5 in February.

Half an hour later, IHS Markit publishes the UK PMI survey results. The factory PMI is forecast to drop to 55.7 in February from 55.9 in the prior month.

At 8.00 am ET, Destatis is set to publish Germany’s flash inflation figures for February. Inflation is forecast to rise to 2.1 percent in February from 1.9 percent in January.

The material has been provided by InstaForex Company – www.instaforex.com

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