RSS European Economic News Preview: Eurozone Composite PMI Data Due

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 RSS European Economic News Preview: Eurozone Composite PMI Data Due

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The spotlight on Monday's economic news is on the final composite Purchasing Managers' survey results for the euro area and the UK, alongside preliminary inflation figures from Germany.

Beginning at 3:15 AM ET, S&P Global will release the services PMI survey results for Spain, with an anticipated rise in the index to 54.1 for December, up from November's 53.1.

This will be followed at 3:45 AM ET by Italy's services PMI survey, which is expected to show an increase to 50.0 in December from 49.2 in November.

Come 3:50 AM ET, we will see France's final composite PMI data, predicted to rise to 46.7 in December, consistent with earlier estimates, up from 45.9 in November.

At 3:55 AM ET, Germany will release its final composite PMI data, which is anticipated to remain at 47.8 for December, consistent with the preliminary figure but an improvement over November's 47.2.

At 4:00 AM ET, the euro area's composite PMI data from S&P Global is expected, with economists forecasting an increase to 49.5 in December, climbing from 48.3 in November.

The UK will publish its final services PMI data at 4:30 AM ET, which is projected to rise to 51.4 in December, aligning with the preliminary estimate, up from 50.8 in the prior month.

Also due are the Eurozone's Sentix investor confidence survey results, anticipated to dip to -17.7 in January from -17.5 previously.

Finally, at 8:00 AM ET, Germany's preliminary inflation figures from Destatis are set for release. It's expected that consumer price inflation will nudge upwards to 2.4 percent in December, rising from November's 2.2 percent.

The material has been provided by InstaForex Company - www.instaforex.com
 
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