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FX.co ★ European Economics Preview: Eurozone Jobless Data Due

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typeContent_19130:::2024-05-03T07:05:00

European Economics Preview: Eurozone Jobless Data Due

The main economic highlights for Friday include unemployment figures from the Eurozone and Spain, as well as the results of the purchasing managers' survey for the UK's service sector.

The Eurozone's unemployment rate for March is anticipated to remain stable at 6.5 percent. The figures will be released by Eurostat at 05:00 am ET.

It is predicted that Spain's unemployment total will see a reduction of 74,500 in April. The official figures will be published by the labour ministry at 03:00 AM ET.

In the UK, the final numbers for the S&P Global services and composite PMI for April will be presented at 04:30 am ET. The preliminary estimate indicated that the services PMI increased to 54.9 from 53.1 in March while the composite measure rose to 54.0 from 52.8 in March.

Other noteworthy information includes France's industrial production data for March, which is due for release by the statistical office INSEE at 02:45 am ET. Economists are predicting a monthly increase of 0.3 percent, following the 0.2 percent rise in February.

Finally, Italy's unemployment rate remains at 7.5 percent in March, as anticipated by data from the statistical office ISTAT, which will be made available at 04:00 AM ET.

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