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FX.co ★ European Economic News Preview: Eurozone Flash Composite PMI Data Due

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typeContent_19130:::2024-09-23T06:58:00

European Economic News Preview: Eurozone Flash Composite PMI Data Due

On Monday, the key economic highlight will be the release of the Flash Purchasing Managers' survey results from the Eurozone and the UK.

At 3:15 AM ET, S&P Global will release the French Composite PMI survey results. Expectations are for the factory PMI to increase to 44.3 in September, while the services PMI is anticipated to decline to 53.0.

At 3:30 AM ET, Germany's HCOB Composite PMI survey data will be published. Economists predict a slight decrease in the composite PMI to 48.2 in September from 48.4 in August.

At 4:00 AM ET, the Eurozone S&P Global/HCOB Flash Composite PMI survey results are expected. Forecasts suggest a decline in the composite output index to 50.6 in September, down from 51.0 in August.

Half an hour later, S&P Global will release the UK Composite PMI data. The composite indicator is projected to fall to 53.6 in September from 53.8 in August.

Finally, at 6:00 AM ET, the Confederation of British Industry will publish its monthly Industrial Trends survey data. The order book balance is expected to be -23 percent in September, compared to -22 percent in August.

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