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Eurozone Manufacturing Purchasing Managers Index (PMI)

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Eurozone Manufacturing Purchasing Managers Index (PMI)

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Delivery Method

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Status

 
Latest Release
Nov 23, 2022
Actual
47.3
Forecast
46.0
Previous
46.4
The Manufacturing Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by manufacturing firms throughout the region. A reading above fifty suggests the manufacturing sector is expanding, while a reading below fifty suggests the manufacturing sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. While manufacturing accounts for a far smaller percentage of economic output than services, it is far more cyclical and is therefore a useful indicator of where in the economic cycle the economy is currently situated.

A reading that is stronger than forecast is generally supportive (bullish) for the EUR, while a weaker than forecast reading is generally negative (bearish) for the EUR.
Importance:
Country:
Currency: EUR
Source: Markit Economics
Eurozone Manufacturing Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Dec 16, 2022 (Dec) 09:00   46.0 46.4
Dec 01, 2022 (Nov) 09:00   47.3 47.3
Nov 23, 2022 (Nov) 09:00   47.3 46.0 46.4
Nov 02, 2022 (Oct) 09:00 46.4 46.6 48.4
Oct 24, 2022 (Oct) 08:00   46.6 47.8 48.4
Oct 03, 2022 (Sep) 08:00 48.4 48.5 49.6

News

Analysis

David Madden
Market Volatility Cools   By David Madden - Aug 24, 2022

Volatility was low in stock markets today, as a bit of bargain hunting pushed up equities in Europe and the US. Given the relatively small recovery from Tuesday’s losses, it appears that buying...

Manufacturing PMI Discussion

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