04.03.200901:59:00UTC+00European Economics Preview: A Relatively Quiet Day Ahead

Wednesday, no significant data is due from the region. The only data set to be released during the day are the results of the Purchasing Managers survey for major Eurozone economies.

At 2.00am ET, the German statistical office Destatis is scheduled to release the wholesale turnover data for January. Wholesale turnover had risen 6.1% year-on-year in real terms in December.

At 3.00am ET, the Statistical Office of the Slovak Republic is slated to issue the retail sales report for the month of January.

The release of the services Purchasing Managers' Index reports for major economies is set to start at 3.45 am ET. The first one to hit the wire is Italian services PMI. Thereafter, final PMI reports are due from France, Germany and Eurozone.

At 4.30am ET, the UK CIPS services PMI is due. The indicator is forecast to fall 41.9 in February from 42.5 in January.

One hour later, the UK shop price index is due from the British Retail Consortium. Shop price inflation in January was 1.1%.

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