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France EUR

France S&P Global Manufacturing PMI Flash

Impact:
High
Source: S&P Global

Latest Release:

Date:
Surprise:
-0.3
| EUR
Actual:
47.7
Forecast: 48
Previous/Revision:
47.4
Period: Mar
What Does It Measure?
The France S&P Global Manufacturing PMI Flash measures the economic health of the manufacturing sector in France by assessing variables such as production levels, new orders, supplier deliveries, and employment conditions. This index is crucial for understanding the overall performance of the economy, with a reading above 50 indicating expansion and below 50 signifying contraction.
Frequency
The France S&P Global Manufacturing PMI Flash is released on a monthly basis, typically published on the first business day of the following month as a preliminary estimate prior to the final data release.
Why Do Traders Care?
Traders closely monitor the PMI Flash because it provides timely insights into the manufacturing sector's performance, influencing predictions about overall economic growth. Stronger-than-expected results are often viewed as bullish for the euro and equity markets, while weaker readings can prompt bearish sentiment.
What Is It Derived From?
The Manufacturing PMI is derived from a survey of purchasing managers in the manufacturing sector who report on various factors such as production volume, new orders, and employment levels. This data is compiled using a diffusion index methodology, where responses indicating improvement are weighted to create the index.
Description
The France S&P Global Manufacturing PMI Flash reflects the current conditions in the manufacturing sector and serves as a leading economic indicator, signaling likely future performance based on business confidence and activity levels. The preliminary report provides the first glimpse into manufacturing trends, while the final report delivers a more comprehensive and refined analysis of the sector's performance.
Additional Notes
As a leading indicator, the Manufacturing PMI Flash is often compared with other economic measures like industrial production and GDP growth, helping analysts gauge the future trajectory of the economy. Its importance extends beyond France, as it is also observed for trends affecting the Eurozone and global markets.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish 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
Mar 24, 2023
47.7
 48
47.4
 -0.3
Feb 21, 2023
47.9
 50.8
50.5
-2.9
Jan 24, 2023
50.8
 49.6
49.2
 1.2
Dec 16, 2022
48.9
 48.2
48.3
 0.7
Nov 23, 2022
49.1
 47
47.2
 2.1
Oct 24, 2022
47.4
 47.1
47.7
 0.3
Sep 23, 2022
47.8
 49.8
50.6
 -2
Aug 23, 2022
49
 49
49.5
Jul 22, 2022
49.6
 50.8
51.4
 -1.2
Jun 23, 2022
51
 54
54.6
-3
May 24, 2022
54.5
 55
55.7
 -0.5
Apr 22, 2022
55.4
 53
54.7
 2.4