Track the EZ Flash Manufacturing PMI for early insights into Eurozone manufacturing sector conditions and economic outlook.
This serves as a primary indicator of Eurozone manufacturing sector health. The Eurozone is one of the world’s largest economic blocs, and manufacturing activity across its member states is a key driver of trade and employment. The Flash release is published about a week before the final PMI and tends to have the most market impact. A reading above 50.0 signals expansion.
What it Measures
Level of a diffusion index based on surveyed purchasing managers in the manufacturing sector across the Eurozone.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically has a positive effect on the currency.
Source & Frequency
HCOB and S&P Global (latest release) - https://www.pmi.spglobal.com/ • Released monthly, roughly three weeks into the current month.
How Data is Derived
Survey of purchasing managers across Eurozone member states which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories
Also Known As
HCOB Flash Eurozone Manufacturing PMI
Acronym
Purchasing Managers' Index (PMI)