Track the GE Flash Manufacturing PMI for early insights into German manufacturing output and economic trends.
Germany is the Eurozone’s largest economy, making its PMI data highly influential for EUR markets. This serves as a primary indicator of economic health, as businesses respond swiftly to market dynamics. The Flash release is published about a week before the final PMI and has the most market impact.
What it Measures
Level of a diffusion index based on surveyed purchasing managers in the manufacturing sector.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically has a positive effect on the currency.
Source & Frequency
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 about 500 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories
Also Known As
N/A
Acronym
Purchasing Managers' Index (PMI)