On Wednesday, significant economic updates highlighting the final composite Purchasing Managers' survey results from the Eurozone and the UK are scheduled. This marks a particularly eventful day for European economic data.
At 3:15 AM ET, Spain is set to release its services PMI survey data. Economists predict an increase in the index to 54.8 for August, up from 53.9 in July.
At 3:45 AM ET, Italy’s services PMI results will be announced, with expectations of a rise to 52.4 in August compared to 51.7 the previous month.
At 3:50 AM ET, S&P Global will publish France’s composite PMI survey data. The anticipated figure is 52.7 for August, consistent with the preliminary estimate, up from 49.1 in July.
At 3:55 AM ET, Germany’s final composite PMI survey results are due. Analysts foresee the composite indicator remaining steady at 48.5, the same as the flash estimate, and a slight drop from 49.1 in the preceding month.
At 4:00 AM ET, the Eurozone's final composite PMI data will be released. Predictions point to a climb in the index to 51.2 for August, an improvement from 50.2 a month prior.
At 4:30 AM ET, S&P Global will release the UK’s final composite PMI data. The forecast suggests a rise to 53.4 for August, up from 52.8 in July.
Finally, at 5:00 AM ET, Eurostat is scheduled to publish the Eurozone’s producer prices for July. Economists anticipate a 2.5 percent annual decline, following a 3.2 percent decrease in June.
