Track EZ Retail PMI to gauge economic trends. Key for forecasting spending and investment activities.
This serves as a key indicator of economic health, as businesses tend to respond swiftly to market conditions. Shifts in their sentiment can act as an early indicator of upcoming economic activities such as consumer spending, hiring, and investments. Note that this data source was discontinued in July 2018.
What it Measures
It represents the level of a diffusion index derived from surveys of purchasing managers within the retail sector.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is considered favorable for the currency.
Source & Frequency
S&P Global (latest release) - https://www.pmi.spglobal.com/ • This report is published monthly, typically around five days after the conclusion of the month.
How Data is Derived
Survey of around 1,000 purchasing managers in Germany, France, and Italy, which asks respondents to rate the relative level of business conditions including sales, revenue, employment, prices, and inventories
Also Known As
N/A
Acronym
Raw Materials Price Index (RMPI)