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European Manufacturing Purchasing Managers Index (PMI)

European Manufacturing Purchasing Managers Index (PMI)

Actual: 45.7
Forecast: 45.6
Previous: 47.0
Importance:
Release Date: Oct 01, 2019
Currency: EUR
Country: Euro Zone
Source Of Report: Markit Economics

The Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

Release Date Actual Forecast Previous
Nov 04, 2019 (Oct) 45.6 45.7
Oct 24, 2019 (Oct)    46.0 45.7
Oct 01, 2019 (Sep) 45.7 45.6 47.0
Sep 23, 2019 (Sep)    45.6 47.3 47.0
Sep 02, 2019 (Aug) 47.0 47.0 47.0
Aug 22, 2019 (Aug)    47.0 46.3 46.5

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