Germany EUR

Germany Markit Composite PMI Flash

Info

History

Chart

Impact:

Low

Source: Markit Economics

Latest Release:

Date:

Surprise:

0.9

Actual:

54.6

Forecast: 53.7

Previous/Revision:

55.6

Period: Mar

What Does It Measure?

The Markit Composite PMI Flash for Germany measures the economic activity in the manufacturing and service sectors, focusing on production levels, employment, and new orders. This indicator combines the results of the Manufacturing PMI and the Services PMI into a singular value, where a reading above 50 signifies expansion and below indicates contraction, providing a snapshot of overall economic health within the country.

Frequency

The Markit Composite PMI Flash is released monthly, typically on the first business day of the month, and represents a preliminary estimate subject to revision in the final report.

Why Do Traders Care?

Traders pay close attention to the Markit Composite PMI Flash as it serves as a leading indicator of economic performance, influencing expectations for currency movements, specifically the Euro (EUR), as well as stock market trends. Stronger-than-expected readings can boost market confidence, resulting in a bullish impact on the Euro and equities, while disappointing figures may lead to bearish sentiment.

What Is It Derived From?

The Markit Composite PMI Flash is derived from a survey of purchasing managers in both the manufacturing and services sectors, typically involving a sample of over 1,000 businesses. The responses are calculated using diffusion indices, which indicate the direction of change, allowing for a weighted representation of the sectors’ overall performance.

Description

The Markit Composite PMI Flash is a crucial indicator that reflects current economic conditions in Germany by summarizing the performance of both manufacturing and services. Traders and economists utilize this data to gauge trends and make informed decisions, as it provides an early indication of the economic trajectory and potential shifts in market sentiment.

Additional Notes

The Markit Composite PMI Flash is considered a leading economic indicator, often used in conjunction with other economic reports to paint a comprehensive picture of economic health. Its significance is heightened by its timeliness, as it is released ahead of many other indicators and can offer insight into the broader European economic landscape.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for Euro, 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	Actual	Forecast	Previous	Surprise
Mar 24, 2022	54.6	53.7	55.6	0.9
Feb 21, 2022	56.2	54.3	53.8	1.9
Jan 24, 2022	54.3	49.2	49.9	5.1
Dec 16, 2021	50	51.1	52.2	-1.1
Nov 23, 2021	52.8	51	52	1.8
Oct 22, 2021	52	54	55.5	-2
Sep 23, 2021	55.3	59.2	60	-3.9
Aug 23, 2021	60.6	62.2	62.4	-1.6
Jul 23, 2021	62.5	60.8	60.1	1.7
Jun 23, 2021	60.4	57.5	56.2	2.9
May 21, 2021	56.2	57.1	55.8	-0.9
Apr 23, 2021	56	56.8	57.3	-0.8
Mar 24, 2021	56.8	51.6	51.1	5.2
Feb 19, 2021	51.3	50.5	50.8	0.8
Jan 22, 2021	50.8	50.3	52	0.5
Dec 16, 2020	52.5	50.4	51.7	2.1
Nov 23, 2020	52	50.4	55	1.6
Oct 23, 2020	54.5	53.2	54.7	1.3
Sep 23, 2020	53.7	54.1	54.4	-0.4
Aug 21, 2020	53.7	55	55.3	-1.3
Jul 24, 2020	55.5	50.3	47	5.2
Jun 23, 2020	45.8	44.2	32.3	1.6
May 21, 2020	31.4	34.1	17.4	-2.7
Apr 23, 2020	17.1	31	35	-13.9
Mar 24, 2020	37.2	40.6	50.7	-3.4
Feb 21, 2020	51.1	50.8	51.2	0.3
Jan 24, 2020	51.1	50.5	50.2	0.6
Dec 16, 2019	49.4	49.9	49.4	-0.5
Nov 22, 2019	49.2	49.2	48.9
Oct 24, 2019	48.6	48.8	48.5	-0.2
Sep 23, 2019	49.1	49.1	51.7
Aug 22, 2019	51.4	50.5	50.9	0.9
Jul 24, 2019	51.4	52.3	52.6	-0.9
Jun 21, 2019	52.6	52.6	52.6
May 23, 2019	52.4	52	52.2	0.4
Apr 18, 2019	52.1	51.7	51.4	0.4
Mar 22, 2019	51.5	52.7	52.8	-1.2
Feb 21, 2019	52.7	52.7	52.1
Jan 24, 2019	52.1	51.9	51.6	0.2
Dec 14, 2018	52.2	52.5	52.3	-0.3
Nov 23, 2018	52.2	53.2	53.4	-1
Oct 24, 2018	52.7	54.8	55	-2.1
Sep 21, 2018	55.3	55.4	55.6	-0.1
Aug 23, 2018	55.7	55.2	55	0.5
Jul 24, 2018	55.2	54.7	54.8	0.5
Jun 22, 2018	54.2	54.2	53.4
May 23, 2018	53.1	54.7	54.6	-1.6
Apr 23, 2018	55.3	54.8	55.1	0.5
Mar 22, 2018	55.4	55.4	57.6
Feb 21, 2018	57.4	57.4	59
Jan 24, 2018	58.8	58.8	58.9
Dec 14, 2017	58.7	58.7	57.3
Nov 23, 2017	57.6	57.6	56.6
Oct 24, 2017	56.9	56.9	56.9
Sep 22, 2017	57.8	55.8	55.8	2
Aug 23, 2017	55.7	54.7	54.7	1
Jul 24, 2017	55.1	56.3	56.4	-1.2
Jun 23, 2017	56.1	57.3	57.4	-1.2
May 23, 2017	57.3	56.6	56.7	0.7
Apr 21, 2017	56.3	56.8	57.1	-0.5
Mar 24, 2017	57	56	56.1	1
Feb 21, 2017	56.1	54.7	54.8	1.4
Jan 24, 2017	54.7	55.2	55.2	-0.5
Dec 15, 2016	54.8	54.8	55
Nov 23, 2016	54.9	55	55.1	-0.1
Oct 24, 2016	55.1	53.3	52.8	1.8
Sep 23, 2016	52.7	53.4	53.3	-0.7
Aug 23, 2016	54.4	55	55.3	-0.6
Jul 22, 2016	55.3	53.7	54.4	1.6
Jun 23, 2016	54.1	54.2	54.5	-0.1
May 23, 2016	54.7	53.8	53.6	0.9
Apr 22, 2016	53.8	54.87	54	-1.07
Mar 22, 2016	54.1	54.3	54.1	-0.2
Feb 22, 2016	53.8	54.75	54.5	-0.95
Jan 22, 2016	54.5	54.9	55.5	-0.4
Dec 16, 2015	54.9	55.3	55.2	-0.4
Nov 23, 2015	54.9	54.7	54.2	0.2
Oct 23, 2015	54.5	53.3	54.1	1.2
Sep 23, 2015	54.3	54.3	55
Aug 21, 2015	54	53.13	53.7	0.87
Jul 24, 2015	53.4	53.9	53.7	-0.5
Jun 23, 2015	54	52.9	52.6	1.1
May 21, 2015	52.8	53.1	54.1	-0.3