S&P Global European Union Manufacturing Purchasing Managers Index (PMI)

Country:
European Union
EUR, Euro
Source:
Sector:
Business
Medium 46.1 45.1
46.6
Last release Importance Actual Forecast
Previous
46.1
46.1
Next release Actual Forecast
Previous
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Markit Manufacturing PMI is an indicator of changes in business conditions in the eurozone's manufacturing sector in the specified month. The indicator is based on monthly surveys of purchasing managers working in private companies of the manufacturing sector.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities. Purchasing managers are among the first to notice such changes. The sample for the survey is chosen so as to cover the maximum possible number of large companies across the country.

Purchasing managers complete a questionnaire, in which they assess the basic parameters of their work:

  • Production output
  • New orders
  • Backlogs
  • Prices paid (for materials, services and goods purchased in the production process)
  • Prices received
  • Suppliers' delivery times
  • Inventories
  • Employment
  • Near-term productivity outlook

The survey participants provide relative estimates: whether figures have increased, decreased or remain unchanged. Individual subindexes are calculated based on these answers. These subindexes characterize inflation, employment and other key indicators of economic activity.

The index is seasonally adjusted. Individual weights are given to polled companies. Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

PMI is one of the most popular indexes closely watched by analysts. It provides operational information covering the entire manufacturing sector. It is interpreted as a leading indicator of production and inflation. Manufacturing PMI growth is an indication of favorable market conditions and can be seen as positive for euro quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "S&P Global European Union Manufacturing Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Feb 2024 prelim.
46.1
45.1
46.6
Jan 2024
46.6
46.6
46.6
Jan 2024 prelim.
46.6
43.3
44.4
Dec 2023
44.4
44.2
44.2
Dec 2023 prelim.
44.2
44.6
44.2
Nov 2023
44.2
43.8
43.8
Nov 2023 prelim.
43.8
42.9
43.1
Oct 2023
43.1
43.0
43.0
Oct 2023 prelim.
43.0
43.3
43.4
Sep 2023
43.4
43.4
43.4
Sep 2023 prelim.
43.4
44.0
43.5
Aug 2023
43.5
43.7
43.7
Aug 2023 prelim.
43.7
42.3
42.7
Jul 2023
42.7
42.7
42.7
Jul 2023 prelim.
42.7
42.8
43.4
Jun 2023
43.4
43.6
43.6
Jun 2023 prelim.
43.6
44.2
44.8
May 2023
44.8
44.6
44.6
May 2023 prelim.
44.6
44.8
45.8
Apr 2023
45.8
45.5
45.5
Apr 2023 prelim.
45.5
46.5
47.3
Mar 2023
47.3
47.1
47.1
Mar 2023 prelim.
47.1
48.3
48.5
Feb 2023
48.5
48.5
48.5
Feb 2023 prelim.
48.5
49.4
48.8
Jan 2023
48.8
48.8
48.8
Jan 2023 prelim.
48.8
48.1
47.8
Dec 2022
47.8
47.8
47.8
Dec 2022 prelim.
47.8
46.8
47.1
Nov 2022
47.1
47.3
47.3
Nov 2022 prelim.
47.3
46.5
46.4
Oct 2022
46.4
46.6
46.6
Oct 2022 prelim.
46.6
48.4
48.4
Sep 2022
48.4
48.5
48.5
Sep 2022 prelim.
48.5
49.6
49.6
Aug 2022
49.6
49.7
49.7
Aug 2022 prelim.
49.7
49.7
49.8
Jul 2022
49.8
49.6
49.6
Jul 2022 prelim.
49.6
52.0
52.1
Jun 2022
52.1
52.0
52.0
Jun 2022 prelim.
52.0
54.5
54.6
May 2022
54.6
54.4
54.4
May 2022 prelim.
54.4
55.4
55.5
Apr 2022
55.5
55.3
55.3
Apr 2022 prelim.
55.3
56.8
56.5
Mar 2022
56.5
57.0
57.0
Mar 2022 prelim.
57.0
58.4
58.2
Feb 2022
58.2
58.4
58.4
Feb 2022 prelim.
58.4
58.9
58.7
Jan 2022
58.7
59.0
59.0

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