European Economic News Preview: Eurozone Flash Inflation, Final Factory PMI Data Due
01 Maio 2023 - 10:53PM
RTTF2
Flash inflation and final manufacturing Purchasing Managers'
survey results from the euro area are due on Tuesday, headlining a
busy day for the European economic news.
At 2.00 am ET, UK Nationwide house price data is due. House
prices are forecast to fall 3.6 percent annually in April,
following a 3.1 percent drop in March.
In the meantime, Destatis is slated to publish Germany's retail
sales data. Economists forecast retail sales to climb 0.4 percent
on month in March, in contrast to the 1.3 percent fall in
April.
At 3.00 am ET, Swiss SECO consumer sentiment survey results are
due.
At 3.15 am ET, S&P Global publishes Spain manufacturing PMI
survey data. The score is forecast to fall to 49.0 in April from
51.3 in March.
At 3.45 am ET, Italy's manufacturing PMI data is due. Economists
forecast the index to fall to 49.0 in April from 51.1 in the
previous month.
Thereafter, final PMI survey data is due from France and Germany
at 3.50 am and 3.55 am ET, respectively.
At 4.00 am ET, the European Central Bank publishes euro area
monetary aggregates for March. M3 money supply is expected to grow
at a slower pace of 2.4 percent annually after rising 2.9 percent
in February.
Also, S&P Global releases euro area final manufacturing PMI
data. The final reading is seen at 45.5 in April, unchanged from
the flash estimate and down from 47.3 in March.
At 4.30 am ET, UK S&P/CIPS final manufacturing PMI survey
results are due. The index is expected to drop to 46.6 in April, in
line with flash estimate from 47.9 in March. At 5.00 am ET,
Eurostat publishes Eurozone flash inflation data. Inflation is
expected to rise marginally to 7.0 percent in April from 6.9
percent in March.
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