European Economics Preview: UK Construction PMI Data Due

By | February 4, 2020
InstaForex
European Economics Preview: UK Construction PMI Data Due

Purchasing Managers’ survey results from the UK is due on Tuesday, headlining a light day for the European economic news.

At 3.00 am ET, Spain’s monthly unemployment data is due.

At 4.30 am ET, the IHS Markit is set to publish the UK construction PMI data. The PMI is forecast to rise to 47.1 in January from 44.4 in December.

At 5.00 am ET, Eurostat releases euro area producer prices for December. Producer prices are forecast to drop 0.7 percent on year, slower than the 1.4 percent decrease in November.

In the meantime, flash inflation data is due from Italy. Economists forecast inflation to remain unchanged at 0.5 percent in January.