Final composite Purchasing Managers’ survey results from the euro area and the UK and factory orders from Germany are due on Wednesday, headlining a busy day for the European economic news. <\/p>\n
At 2.00 am ET, Destatis is scheduled to issue Germany’s factory orders data for February. Orders are forecast to grow 0.3 percent on a monthly basis, but slower than the 1.0 percent gain in January.<\/p>\n
In the meantime, industrial output from Norway and foreign trade figures from Denmark are due.<\/p>\n
At 2.45 am ET, France’s statistical office Insee releases industrial production for February. Economists expect output to grow 0.5 percent month-on-month, in contrast to the 1.9 percent decrease in January.<\/p>\n
At 3.00 am ET, Spain’s INE is set to issue industrial production for February. Output is expected to fall 0.1 percent annually, slower than the 0.4 percent increase in January.<\/p>\n
Also, retail sales data from the Czech Republic is due. <\/p>\n
At 3.15 am ET, S&P Global publishes Spain services and composite Purchasing Managers’ survey data. The services PMI is forecast to rise to 57.5 from 56.7 in the previous month. <\/p>\n
At 3.45 am ET, Italy’s services and composite PMI survey data is due. Economists expect the services index to improve to 53.2 in March from 51.6 a month ago. <\/p>\n
Thereafter, final PMI survey results are due from France and Germany at 3.50 am and 3.55 am ET, respectively.<\/p>\n
At 4.00 am ET, S&P Global publishes euro area final composite PMI data. The final reading is seen at 54.1, unchanged from the flash estimate.<\/p>\n
At 4.30 am ET, UK S&P\/CIPS final services PMI data is due. The index is forecast to drop to 52.2 in March, as initially estimated, from 53.1 in February. <\/p>\n
At 5.00 am ET, Italy’s Istat publishes retail sales data for February. Sales had increased 1.7 percent on month in January. <\/p>\n