2023.12.0505:01:00UTC+00European Economic News Preview: Eurozone Final PMI Data Due

Final composite Purchasing Managers' survey results are due from the euro area and the UK on Tuesday, headlining a busy day for the European economic news.

At 2.45 am ET, France's INSEE is scheduled to issue industrial production data for October. Economists forecast output to grow 0.2 percent on a monthly basis, in contrast to the 0.5 percent decrease in September.

At 3.00 am ET, Spain's INE is scheduled to publish industrial production for October. Production is forecast to decline 1.7 percent annually, slower than the 1.4 percent fall in September. At 3.15 am ET, S&P Global publishes Spain's services PMI data for November. Economists expect the index to rise to 51.5 from 51.1 in the previous month.

At 3.45 am ET, Italy's services PMI survey results are due. The index is seen at 48.2 in November, up from 47.7 a month ago.

Thereafter, final PMI survey results are due from France and Germany at 3.50 and 3.55 am ET, respectively.

At 4.00 am ET, Eurozone final PMI data is due. The final composite output index reading is expected to match the flash score of 47.1 in November.

Half an hour later, UK S&P/CIPS final services PMI data is due. The services PMI is seen at 50.5 in November, up from 49.5 in October.

At 5.00 am ET, Eurostat releases euro area producer prices for October. Economists forecast producer prices to drop 9.5 percent annually, slower than the 12.4 percent decline in September.