Monday, 5 March 2012

European Economics Preview: Eurozone Retail Sales Data Due

Retail sales and results of the Purchasing Managers' survey from Eurozone are due on Monday, headlining a light day for the European economic news.
At 3.00 am ET, Turkey's consumer and producer prices are due. Annual inflation is forecast to slow to 10.48 percent in February from 10.61 percent in January.
At 3.15 am ET, the Federal Statistical Office is set to publish Swiss retail sales figures for January. Sales were up 0.6 percent year-on-year in December.
Markit Economics is slated to release Italy's services PMI at 3.45 am ET. Thereafter, final French and German PMI figures are due at 3.50 and 3.55 am ET.
At 4.00 am ET, Eurozone final PMI data is due. The composite PMI is expected to match the flash reading of 49.7 in February.
Italy's statistical office Istat is scheduled to issue producer price data at 4.00 am ET. Economists forecast producer price inflation to ease to 3.4 percent in January from 4 percent in December.
Half an hour later, Eurozone sentix investor confidence is due. The index is seen improving to -5 in March from -11.1 a month ago. In the meantime, U.K.'s services PMI is due. The services PMI is expected to dip to 54.9 in February from 56 in January.
Eurostat is scheduled to issue January retail sales data at 5.00 am ET. Eurozone retail sales are forecast to drop 0.1 percent month-on-month after easing 0.3 percent in December

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