European Economics Preview: Eurozone Manufacturing PMI Due
Purchasing Managers' survey results from Eurozone and U.K. mortgage approvals are set to dominate the scene on Monday.
Sweden's manufacturing Purchasing Managers' Index or PMI for January is due at 2:30 am ET. The corresponding index stood at 58.2 in December.
At 2:45 am ET, the French statistical office INSEE is scheduled to release producer price inflation figures for December. The producer price index had risen 4.5% year-on-year in November.
Switzerland's manufacturing PMI for January is due from the SVME Association of Purchasing and Materials Management and Credit Suisse at 3:30 am ET. The index stood at 54.6 in December. PMI data is also due from the Czech Republic.
Elsewhere, the Statistics Denmark is slated to issue retail sales statistics for December. Retail sales were down 0.3% month-on-month in November.
It will be 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 for January is due, with the index forecast to rise to 51.2 from 50.8 in January.
The French Markit/CDAF PMI follows at 3:50 am ET, with the flash reading of the index standing at 54.7.
Germany's manufacturing PMI is due at 3:55 am ET, with the flash reading of the index expected to be confirmed at 53.4. Eurozone's PMI follows at 4:00 am ET, with flash reading of the index expected to be retained at 52.
In the meantime, the Italian statistical office ISTAT is set to release hourly wage data for December. The C2 credit growth indicator is due from Statistics Norway at the same time. The credit growth indicator is tipped to rise 4.6% year-on-year in December.
At 4:30 am ET, the Bank of England is scheduled to issue mortgage approvals statistics for December. Mortgage approvals are forecast to rise to 61,700 from 60,500. Net lending secured on dwelling is expected to increase by GBP 1.6 billion, compared to GBP 1.5 billion last month. Meanwhile, net consumer credit is expected to fall by GBP 0.5 billion, compared to November's GBP 0.4 billion decline. Final money supply data for November is also due from the central bank.
The U.K. Markit/CIPS manufacturing PMI is also due at the same time, with the index tipped to ease to 54 from 54.1.
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