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InstaForex Loprais Team - Official participant of the Dakar rally

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InstaForex Loprais Team - Official participant of the Dakar rally

2017.03.2401:37:00UTC+00European Economics Preview: Eurozon Flash PMI Data Due

Flash Purchasing Managers' survey results from euro area and mortgage approvals from the UK are due on Friday, headlining a light day for the European economic news.

At 3.45 am ET, the French statistical office Insee publishes final GDP data. According to second estimate, the economy expanded 0.4 percent in the fourth quarter of 2016.

At 4.00 am ET, the Czech Statistical Office releases business sentiment survey results for March.

In the meantime, IHS Markit is set to issue France's flash Purchasing Managers' survey data for March. The manufacturing PMI is seen rising to 52.4 in March from 52.2 in February. Meanwhile, the services PMI is forecast to fall to 56.1 from 56.4.

At 4.30 am ET, PMI data for Germany is due. The factory PMI is forecast to drop to 56.5 in March from 56.8 a month ago. On the other hand, the services PMI is seen at 54.5 versus 54.4 in February.

At 5.00 am ET, IHS Markit publishes euro area PMI for March. The composite PMI is forecast to drop to 55.8 in March from 56.0 in February.

Half an hour later, British Bankers' Association releases mortgage approvals figures. The number of mortgage approvals is expected to rise to 44.9K in February from 44.65K in January.

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