empty
 
 

2024.03.0604:12:00UTC+00European Economic News Preview: UK Spring Budget Announcement Due

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.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback