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6:35 GMT
02
Nov 2009

European Economics Preview: Eurozone Manufacturing PMI Data Due

(RTTNews) - Monday, statistical releases scheduled for the day include manufacturing PMI data for the Eurozone and the United Kingdom, highlighting a light calendar for European economic news.

At 2:30 am ET, the Swedish manufacturing Purchasing Managers’ Index for October is due, with the corresponding index at a seasonally adjusted 55.9 in September.

An hour later, Credit Suisse is set to release Switzerland’s manufacturing PMI for October. The SVME PMI came in at 54.3 in September.

In the meantime, Statistics Denmark is expected to release retail sales statistics for September. Last month, sales had declined 4.6% on an yearly basis and was down 1.2% on a monthly basis.

It is followed by the release of manufacturing PMIs of Italy, France, Germany and the Eurozone. At 3:45 am ET, Italy’s Markit / ADACI manufacturing PMI is due, with the corresponding index at 47.6 in September. Economists are looking for a reading of 48.8 for October.

The French Markit / CDAF PMI follows at 3:50 am ET, with the flash reading for the index at 55.3 in October.

The German manufacturing PMI comes next at 3:55 am ET, with the flash reading for the index at 51.1, while the Eurozone’s PMI, due at 4:00 am ET, was at 50.7.

Elsewhere, the C2 credit growth indicator for September is due from Statistics Norway, with the indicator climbing 5.9% year-on-year in September.

At 4:30 am ET, the CIPS / Markit manufacturing PMI for the U.K. is due. The index stood at 49.5 in September.

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Posted in Categories: Economy, Eurozone, Forex, Releases, Switzerland.

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