RSS European Economic News Preview: Eurozone Final Factory PMI Due

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 RSS European Economic News Preview: Eurozone Final Factory PMI Due

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Anticipated economic updates on Wednesday include the final factory Purchasing Managers' Index (PMI) results from the euro area and the UK.

Early in the morning at 2:00 AM ET, the UK will release Nationwide's house price data. Expectations are set for a 3.8 percent annual increase in house prices for December, slightly higher than the 3.7 percent rise seen in November.

Following that, at 3:15 AM ET, S&P Global will reveal Spain's factory PMI survey results. Projections suggest the index will advance to 53.6 in December, up from 53.1 recorded in the previous month.

At 3:45 AM ET, Italy's manufacturing PMI data is expected. Analysts predict a rise to 44.9 in December from 44.5 the month before.

Ten minutes later, at 3:50 AM ET, France's final factory PMI figures will be disclosed. The manufacturing PMI is anticipated to hold steady at 41.9 for December, aligning with earlier estimates.

At 3:55 AM ET, the final PMI data for Germany's factories will be available from S&P Global. Expectations are for a decrease to 42.5 in December, consistent with preliminary projections, down from 43.0 in November.

The European Central Bank is set to release the euro area's monetary aggregates for November at 4:00 AM ET. Growth in the M3 money supply is projected at 3.5 percent annually, following a 3.4 percent increase in October.

Finally, at 4:30 AM ET, the UK will publish its final manufacturing PMI survey results. Analysts predict a decline in the factory PMI to 47.3 in December, as preliminarily estimated, from 48.0 in November.

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