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Eurozone Manufacturing Purchasing Managers Index (PMI)

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Eurozone Manufacturing Purchasing Managers Index (PMI)

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Status

 
Latest Release
Nov 04, 2024
Actual
46.0
Forecast
45.9
Previous
45.0
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 02, 2024 (Nov) 09:00     45.9
Nov 22, 2024 (Nov) 09:00     46.0 46.0
Nov 04, 2024 (Oct) 09:00 46.0 45.9 45.0
Oct 24, 2024 (Oct) 08:00   45.9 45.1 45.0
Oct 01, 2024 (Sep) 08:00 45.0 44.8 45.8
Sep 23, 2024 (Sep) 08:00   44.8 45.7 45.8

News

Analysis

Manufacturing PMI Discussion

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