Markit Manufacturing PMI monthly reflects the activity of the manufacturing sector purchasing managers in the eurozone. The index is calculated based on the surveys of representatives of 3,000 private manufacturing companies. The representatives evaluate the level of production, orders, employment, inventories and price changes during the past month.
The index is used in evaluating the development of the euro area industrial sector.
Readings above 50 can affect euro quotes positively.
The chart of the entire available history of the "Markit 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.