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FX.co ★ European Economic News Preview: UK Final Services PMI Data Due

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typeContent_19130:::2024-11-05T05:11:00

European Economic News Preview: UK Final Services PMI Data Due

The UK final services Purchasing Managers' survey and Spain's unemployment figures are the primary focus for European economic news on Tuesday, marking a relatively calm day for updates.

France’s statistical agency, INSEE, is set to release its September industrial production data at 2:45 AM ET. Analysts anticipate a 0.5% month-on-month decline in output, a turnaround from a 1.4% rise in August.

At 3:00 AM ET, the Spanish labor office will release the unemployment figures for October. Projections suggest an increase of 26,500 in the number of unemployed individuals, following a rise of 3,200 in September.

S&P Global will publish the final UK services Purchasing Managers' Index (PMI) at 4:30 AM ET. The final services PMI for October is expected to align with the preliminary estimate of 51.8, a dip from September's 52.4.

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