European Economics Preview: UK Services PMI Data Due

Purchasing Managers’ survey from the UK is due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, consumer and producer prices are due from Turkey. Inflation is seen at 24.7 in October versus 24.52 percent in September.

At 3.00 am ET, the Czech Statistical Office releases retail sales for September. Sales had increased 2.5 percent annually in August. Hungary’s foreign trade data is also due.

At 4.30 am ET, UK CIPS/Markit services PMI is due. The index is forecast to drop to 53.4 in October from 53.9 in September.

In the meantime, Eurozone Sentix investor confidence is due. Economists expect the indicator to drop to 8.8 in November from 11.4 in October.