Eurozone Manufacturing PMI
Softening Trend for Manufacturing in the Eurozone
Starts Wednesday, October 24, 2018 at 08:00
Updated Wednesday, October 24, 2018
The growth in the manufacturing production has been slowing in the Eurozone in the last few months. Flash manufacturing PMI report used to be at 55 PMI points in summer, but it has declined to around 53 points now. The German manufacturing report which was just released, showed a further decline and it is supposed to affect the Eurozone manufacturing data. Eurozone manufacturing is expected to slow down again today, but we might get a bigger negative surprise. Please follow us for live coverage of this event by experienced market analysts.
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About Eurozone Manufacturing PMI
Developed by the Markit, the Eurozone Flash Manufacturing PMI provides a look at the conditions facing the European industrial sector. The metric is derived using a 0-100 scale. Basic interpretations include a value over 50 being viewed as positive toward the Euro and under 50 negative.A top major global economic power, the Eurozone relies greatly upon domestic manufacturing for economic output. With industrial production accounting for nearly 20% of aggregate GDP, the manufacture of goods is a big part of the European economy. The Flash Manufacturing PMI offers an inside view of the ongoing progress of the manufacturing sector.