Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.
The typical/expected impact on EUR pairs is medium.
The consensus forecast for S&P Global/BME Manufacturing PMI is 42.5. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
The most recent announced value for S&P Global/BME Manufacturing PMI was 42.5 against a forecast of 43.8.
Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global/BME Manufacturing PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
Harmonized Index of Consumer Prices (YoY) | Bullish change | 2.4% | 2.8% | ||
Gross Domestic Product (QoQ) | (no change) | 0.8% | 0.8% | ||
Consumer Confidence | Bearish change | -13.7 | -14.5 | ||
Producer Price Index (MoM) | Bullish change | 0.2% | 0.5% | ||
Producer Price Index (YoY) | Bullish change | -1.1% | 0.1% | ||
GfK Consumer Confidence Survey | Bullish change | -23.1 | -21.3 | ||
Core Harmonized Index of Consumer Prices (MoM) | (no change) | -0.6% | -0.6% | ||
Core Harmonized Index of Consumer Prices (YoY) | Bearish change | 2.8% | 2.7% | ||
Harmonized Index of Consumer Prices (MoM) | (no change) | -0.3% | -0.3% | ||
ZEW Survey – Current Situation | Bearish change | -91.4 | -93.1 | ||
ZEW Survey – Economic Sentiment | Bullish change | 7.4 | 15.7 | ||
ZEW Survey – Economic Sentiment | Bullish change | 12.5 | 17 | ||
IFO – Business Climate | Bearish change | 85.6 | 84.7 | ||
IFO – Current Assessment | Bullish change | 84.3 | 85.1 | ||
IFO – Expectations | Bearish change | 87 | 84.4 |
Country: | Germany |
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Currency: | EUR |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |