|08-21-2014, 03:59 PM||#1|
EU Preview: Markets Await Eurozone PMIs Data, UK Retail Sales Report
Eurozoe PMIThe economic clock is expected tick louder on Thursday, with the Eurozone manufacturing and services Purchasing Managers` Indexes data due to be released. The euro-area PMIs are forecasted to show negative feed about the bloc’s preliminary manufacturing and services activity in August.
Markit Economics is scheduled to release Eurozone`s flash Purchasing Managers` Index, or PMI, reports for Eurozone, Germany and France report. The flash composite PMI for the euro-area is forecast to decelerate to 53.4 from 53.8 a month ago.
- Germany PMI Manufacturing likely fell to 51.5 from 52.4 in July
- Germany PMI Services likely declined to 55.5 from 56.7 a month ago
- Eurozone PMI Manufacturing likely edged down to 51.3 vs. 51.8
- Eurozone PMI Services probably fell to 53.7 from 54.2
European markets also await July’s retail sales data from the United Kingdom with weak expectations after a reports released earlier this week showed UK`s inflation fell to 1.6 percent. UK `s Office for National Statistics is scheduled to release its retail sales report at 08:30 GMT.
- Retail Sales Ex. Auto likely rose 0.4% after falling 0.1%
- Retail Sales Ex. Auto likely fell 3.5% after 4.0% annually
- Retail Sales Including Auto probably gained to 0.4% after 0.1%
- Retail Sales Including Auto may have fallen to 3.1% after rising to 3.6%
Another UK event that could rock the markets today is UK public finances report.
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