03.04.202004:39:00UTC+00European Economics Preview: Eurozone Composite PMI Data Due

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

At 3.00 am ET, Spain's INE releases industrial production data for February. Output is expected to grow 2.1 percent annually, in contrast to a 2.1 percent drop in January.

In the meantime, retail sales from Hungary and consumer and producer prices from Turkey are due.

At 3.15 am ET, IHS Markit is set to publish Spain's services PMI data. The PMI is forecast to plunge to 25.5 in March from 52.1 in February.

At 3.45 am ET, Italy's services PMI data is due. The services PMI is seen at 22.0 in March versus 52.1 in February.

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

At 4.00 am ET, IHS Markit publishes euro area final PMI data. The final composite score is seen at 31.4 in March, unchanged from preliminary estimate.

Half an hour later, UK final PMI data is due. The final composite PMI is expected to drop to 36.2 from the flash score of 37.1.

At 5.00 am ET, Eurostat is scheduled to issue euro area retail sales for February. Economists forecast sales to grow 0.1 percent on month, slower than the 0.6 percent rise in January.