Unemployment rate for the Eurozone, July

  • Due Thursday 31 August 2017 at 0900GMT
  • expected 9.1%
  • prior 9.1%

What to watch ... preview via HSBC:

  • The eurozone unemployment rate fell by 0.1ppt in June to 9.1%, the lowest since February 2009 and, in our view, has further to fall.
  • Most eurozone countries, particularly in the periphery, are still far from pre-crisis levels. Although we might not get back to those levels in this cycle, there is still room for improvement.
  • The employment component of the composite PMI did ease back slightly in July, from 54.5 to 54.4, but remains at a high level. We expect the unemployment rate to remain unchanged in July, but see improvement further down the road.