Separate data by Eurostat showed retail sales dropped 0.5% in April.

Investors will track services PMI data from the UK, Germany, France, Italy and Spain.

Durables and energy products purchases also show increase.

Eurostat publishes more troubling numbers after EU urges 'Youth Guarantee'.

Eurozone unemployment rate rises to 12.2% in April 2013, up from 12.1% in March

Market men continue to look for cues from the Fed on asset purchases.

Nearly 3.7% of the country's work force remain out of work, showed a government data.

Markit's flash Eurozone Composite Output index showed a reading below 50 in May, indicating a contraction in business activity.

Office for National Statistics data shows UK economy expanded by 0.3%.

Consumer inflation in the region drops to three-year low.

Economy shrinks for the sixth straight quarter at the start of this year

The data comes as Eurozone unemployment recently reached a record 19 million people.

Eurozone industrial production rises 1% in March as against analysts' estimates of 0.5% growth.

EC sees Greece achieving 2013-14 fiscal goals but not 2015-16 as per bailout requirements.

IBTimes UK presenter Marverine Cole looks at how the eurozone is seeking financial stability.

Portugal's jobless rate surges in the first quarter this year

Elstat's jobless rate for Greece reaches 27% on back of austerity-fuelled recession.

The final eurozone composite output index shows a reading of 46.9 in April, the 15th consecutive month of decline in activity.

All the largest eurozone economies except Germany are predicted to be in recession this year.

Analysts expect a 25 basis point cut in the benchmark interest rate at the ECB meeting.

Weak job data with unemployment rising to 12.1% expected to prompt European Central Bank to cut interest rates at next meeting.

Spain’s economy contracts for the seventh consecutive quarter as unemployment surges

More than 6.2m jobless in Spain as youth unemployment passes 55 percent mark.

German economic activity in April slows for the first time in five months as Cyprus headwinds hit the eurozone core.

Britain's debt-to-GDP hits 90 percent and notches one of the highest budget deficit figures for the whole of the European Union.

ZEW's benchmark sentiment index falls 12.2 points to 36.3 as Cyprus rescue, economic data, pare optimism

The producer price data gives an added reason for the ECB to consider a rate cut at its next meeting.

Benchmark indices fall again on grim factory output data and higher Italian borrowing costs.

Data following disappointing reading from Britain as severe weather takes its toll on factory output

Eurozone recession weighed heavily on UK exports and helped drag down economy.