23.04.202004:47:00UTC+00European Economics Preview: Eurozone Flash PMI Data Due

Flash Purchasing Managers' survey data from euro area and the UK are due on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK public sector finance data. The budget balance is forecast to show a deficit of GBP 2 billion in March versus a surplus of GBP 0.4 billion in February.

In the meantime, Germany's GfK consumer confidence data is due. The forward-looking index is forecast to fall to -1.7 in May from +2.7 in April.

At 2.45 am ET, France's Insee publishes business confidence survey results for April.

At 3.15 am ET, IHS Markit is scheduled to issue France's flash PMI survey results. The composite PMI is seen at 25.3 in April versus 28.9 in March.

At 3.30 am ET, Germany's preliminary PMI survey data is due. Economists forecast the composite indicator to drop to 28.8 in April from 35.0 in March.

Half an hour later, IHS Markit releases euro area composite PMI survey results. The composite output index is expected to ease to 25.9 in April from 29.7 in March.

At 4.30 am ET, UK Markit/CIPS PMI survey data is due. Economists forecast the flash composite PMI to fall to 31 in April from 36 in March.

At 6.00 am ET, the Confederation of British Industry is slated to issue Industrial Trends survey data.