Bloomberg | Mar 24, 2020
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.
|Jun 01, 2020 (May)||39.5||33.4|
|May 21, 2020 (May)||39.5||38.0||33.4|
|May 04, 2020 (Apr)||33.4||33.6||44.5|
|Apr 23, 2020 (Apr)||33.6||39.2||44.5|
|Apr 01, 2020 (Mar)||44.5||44.7||44.8|
|Mar 24, 2020 (Mar)||44.8||39.0||49.2|
Bloomberg | Mar 24, 2020
Investing.com | Mar 23, 2020
Bloomberg | Feb 21, 2020
Investing.com | Apr 23, 2020
Hantec Markets | Apr 23, 2020
Hantec Markets | Apr 01, 2020
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