Home Forex Market News Eurozone Service PMI Due On Friday

Eurozone Service PMI Due On Friday

Service sector PMI data from major eurozone countries and eurozone retail sales are some of the important economic data due for release on Friday.

At 4 am ET, Markit Economics will release its final services PMI and composite PMI figures for the eurozone. The services PMI is expected to be confirmed at 52.8. The final composite PMI for September is expected to come in at 52.3, the same as the flash estimate.

At 1 am ET, Markit Economics is scheduled to release its September services PMI reports for Russia and Ireland. The services PMI for Russia is expected to fall to 49.8 in September from 50.3 in August. In August, the PMI for Ireland was at 62.4.

At 2:30 am ET, Swedbank and the Swedish National Association of Purchasing and Logistics will release the results of their services PMI survey for September. In August, the services PMI for Sweden was at 54.2.

At 3 am ET, the Hungarian Central Statistical Office is due to release its retail sales report for August. In July, retail sales had risen 2.5 percent year-over-year.

Around the same time, the Turkish Statistical Institute will release its consumer prices and producer prices reports for September. Consumer prices are expected to increase 9.36 percent year-over-year following the 9.54 percent rise in August. On a month-over-month basis, consumer prices are estimated to grow 0.4 percent after the 0.09 percent rise in August.

In August, Turkish producer prices had risen 9.88 percent year-over-year and 0.42 percent month-over-month.

At 3:15 am ET, Markit Economics is scheduled to release its service sector activity report for Spain. The services PMI is estimated to fall to 57 in September from 58.1 in August.

At 3:30 am ET, Statistics Sweden is due to release its industrial production and industrial orders reports for August. Industrial production is expected to fall 1.3 percent year-over-year in August following the 5.7 percent decline in July. On a month-over-month basis, production is forecast to rebound by 1 percent after the 1.1 percent drop in July. In July, industrial orders had declined 4.4 percent year-over-year and by 1 percent month-over-month.

Markit Economics will release its services PMI report for Italy at 3:45 am ET. The index is forecast to edge down to 49.6 in September from 49.8 in August.

At 3:50 am ET, Markit Economics is due to release its final services PMI report for France. The final services PMI for September is expected to confirm the flash estimate of 49.4.

Around 5 minutes later, Markit Economics is scheduled to release the final services PMI report for Germany. The index is estimated to come in at 55.4, confirming the flash estimate.

At 4 am ET, Norway’s Labor and Welfare Organization, or NAV, is scheduled to release its unemployment report. The NAV jobless rate is expected to fall to 2.7 percent in September from 2.9 percent in August.

At 4:30 am ET, Markit Economics and the Chartered Institute of Purchasing and Supply is due to release their services PMI report for the U.K. The services PMI is expected to decline to 59 in September from 60.5 in August.

At 5 am ET, Eurostat is scheduled to release its retail trade report for the eurozone. Retail trade is expected to rise 0.7 percent year-over-year in August following the 0.8 percent increase in July. On a month-over-month basis, retail trade is estimated to increase 0.1 percent after the 0.4 percent drop in July.

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