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Germany EUR

Germany S&P Global Manufacturing PMI Flash

Info

History

Chart

Impact:

High

Source: S&P Global

Latest Release:

Date:

Big Surprise:

-2.6

EUR

Actual:

44.4

Forecast: 47

Previous/Revision:

46.3

Period: Mar

What Does It Measure?

The Germany S&P Global Manufacturing PMI Flash is an economic indicator that measures the performance and health of the manufacturing sector within Germany. It primarily focuses on production, new orders, employment, and supplier delivery times, with a composite index where values above 50 indicate expansion in the manufacturing sector, while values below 50 suggest contraction; the indicator is national in scope.

Frequency

This report is released monthly, typically as a preliminary estimate, with data published on the first business day of each month for the preceding month.

Why Do Traders Care?

Traders closely monitor the PMI Flash as it offers timely insights into manufacturing activity, influencing financial markets' expectations regarding economic growth. Stronger-than-expected readings can lead to bullish movements in the euro and German equities, while weaker results may trigger bearish sentiments across currency and stock markets.

What Is It Derived From?

The PMI is derived from a survey of purchasing managers in the manufacturing sector, capturing their insights on aspects such as production output, new orders, and employment levels. The survey typically includes around 400 respondents, and a diffusion index is used where individual responses are weighted, reflecting changes from one month to the next.

Description

This manufacturing PMI Flash serves as a leading economic indicator, providing an early snapshot of manufacturing conditions. Since it reflects rapid developments in the sector, it is crucial for policymakers, analysts, and investors who rely on its insights to gauge potential shifts in economic momentum.

Additional Notes

The PMI can often be compared to other indicators such as the Services PMI, allowing analysts to assess the overall economic landscape. Given its leading nature, the Manufacturing PMI Flash is pivotal in predicting future economic activity and can influence forecasting models on a national and global scale.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, 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, 2023	44.4	47	46.3	-2.6
Feb 21, 2023	46.5	48	47.3	-1.5
Jan 24, 2023	47	47.9	47.1	-0.9
Dec 16, 2022	47.4	46.3	46.2	1.1
Nov 23, 2022	46.7	45	45.1	1.7
Oct 24, 2022	45.7	47	47.8	-1.3
Sep 23, 2022	48.3	48.3	49.1
Aug 23, 2022	49.8	48.2	49.3	1.6
Jul 22, 2022	49.2	50.6	52	-1.4
Jun 23, 2022	52	54	54.8	-2
May 24, 2022	54.7	54	54.6	0.7
Apr 22, 2022	54.1	54.5	56.9	-0.4