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Euro Area EUR

Euro Area S&P Global Manufacturing PMI Final

Impact:
Medium
Source: S&P Global

Latest Release:

Date:
Surprise:
0.2
| EUR
Actual:
47.3
Forecast: 47.1
Previous/Revision:
48.5
Period: Mar
What Does It Measure?
The Euro Area S&P Global Manufacturing PMI Final measures the health of the manufacturing sector across the Eurozone. It focuses on production levels, employment, supplier deliveries, and inventories, with values above 50 indicating expansion and below 50 signaling contraction.
Frequency
This indicator is released monthly, with final figures published typically on the first working day of the month following the reference month.
Why Do Traders Care?
Traders closely monitor the Manufacturing PMI as it serves as a leading indicator of economic health, impacting predictions for currencies like the EUR and influencing equities and bond markets. Stronger-than-expected PMI results can bolster confidence in the Eurozone economy, leading to bullish trends in related financial assets.
What Is It Derived From?
The PMI is derived from a survey of purchasing managers across various manufacturing firms, typically consisting of around 3,000 responses. It utilizes a diffusion index methodology that assigns weights to various factors, including production, new orders, and employment, to create an overall index figure.
Description
The S&P Global Manufacturing PMI Final is often released after the preliminary report, which is based on early responses and subject to revisions. The final report provides a more accurate depiction of manufacturing conditions and is crucial for traders who seek to make informed investment decisions based on robust economic data.
Additional Notes
The Manufacturing PMI acts as a leading economic indicator, offering insights into future manufacturing activity, employment trends, and inflationary pressures. It is also analyzed alongside other related indicators like the Services PMI to gauge broader economic performance.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Apr 03, 2023
47.3
 47.1
48.5
 0.2
Mar 01, 2023
48.5
 48.5
48.8
Feb 01, 2023
48.8
 48.8
47.8
Jan 02, 2023
47.8
 47.8
47.1
Dec 01, 2022
47.1
 47.3
46.4
 -0.2
Oct 03, 2022
48.4
 48.5
49.6
 -0.1
Sep 01, 2022
49.6
 49.7
49.8
 -0.1
Aug 01, 2022
49.8
 49.6
52.1
 0.2
Jul 01, 2022
52.1
 52
54.6
 0.1
Jun 01, 2022
54.6
 54.4
55.5
 0.2
May 02, 2022
55.5
 55.3
56.5
 0.2
Apr 01, 2022
56.5
 57
58.2
 -0.5