European Economic News Preview: UK Spring Budget Announcement Due
06 März 2024 - 1:12AM
RTTF2
UK Chancellor Jeremy Hunt is set to deliver his spring budget in
the parliament on Wednesday.
Hunt is expected to offer pre-election giveaways but the limited
headroom reduced the scope for major tax cuts. The announcement is
due at 7.30 AM ET.
Foreign trade and construction Purchasing Managers' survey
results from Germany are other major economic reports due
today.
At 2.00 am ET, Destatis is scheduled to issue Germany's foreign
trade figures for January. Exports are expected to grow 1.5 percent
on month and imports to climb 1.8 percent.
At 2.30 am ET, industrial production, retail sales and foreign
trade figures are due from Hungary.
At 3.30 am ET, construction PMI survey data is due from
Germany.
At 4.30 am ET, S&P Global publishes UK construction PMI
survey results. The index is seen at 49.0 in February, up from 48.8
in the previous month.
At 5.00 am ET, Eurostat is scheduled to publish euro area retail
sales for January. Economists forecast retail sales to gain 0.1
percent on month, in contrast to the 1.1 percent decrease in
December.
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