European Economics Preview: Eurozone Composite PMI Data Due

Flash Purchasing Managers' survey data from euro area is due on Friday, headlining a light day for the European economic news.

At 2.45 am ET, the French statistical office Insee publishes final GDP data for the first quarter. The Insee is expected to confirm 0.4 percent sequential growth.

At 3.00 am ET, IHS Markit publishes France's flash PMI data. The services PMI is seen at 57 in June versus 57.2 in May. Meanwhile, the factory PMI is forecast to rise to 54 from 53.8.

At 3.30 am ET, Germany's flash PMI data is due. Economists forecast the manufacturing index to fall to 59 from 59.5 a month ago. At the same time, the services PMI is seen unchanged at 55.4.

At 4.00 am ET, IHS Markit releases flash PMI data for euro area. The flash composite PMI is expected to drop to 56.6 in June from 56.8 in May.

At 7.30 am ET, Turkey's capacity utilization data is due.

by RTT Staff Writer

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