German Flash Manufacturing MoM - Economic Calendar - FX LeadersGerman Flash Manufacturing MoM - Forex News by FX Leaders

German Flash Manufacturing MoM

German car manufacturers
Event Date: Wednesday, March 24, 2021
Event Time: 08:30 CET

Manufacturing to Remain Above 60 Points in March

Updated Wednesday, March 24, 2021
EVENT ENDED
The manufacturing sector used to be in great shape in Germany and in the Eurozone last year. But, it has had a soft patch this year and this sector has fallen into contraction in the Eurozone, while in Germany it has fallen in recession. The flash manufacturing PMI has declined below the 50 level and the recession is getting deeper. In July, the manufacturing PMI came at 43.2 points, which is the lowest level in a very long time. It improved very slightly in August, but it fell deeper into recession in September with the PMI indicator at 41.4 points, which was revised a tad higher to 41.7 points. But, it has improved since then and last month's manufacturing PMI increased to 47.8 points, which was revised higher to 48 points later on. Coronavirus lock-downs sent this sector in a deep contraction, but it has been expanding since May and remains in a really good shape. In December the PMI indicator increased further to 58.3 points, but is expected to cool off to 57.3 points. it increased back to 57.1 points in the first reading for January, while climbing to 60.7 points in February and it's expected to remain close to that number in March. Please follow us for live coverage of this event by experienced market analysts. 

<% indicator.indicator_name %>
<% indicator.indicator_value %>
<% ssp.ssp_posted_at |date:"HH:mm" %>
RELATED PAIRS
About German Flash Manufacturing MoM
Developed by the Eurostat, the German Flash Manufacturing PMI provides a look at the conditions facing the German 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 four global economic power, the Germany 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 German economy. The Flash Manufacturing PMI offers an inside view of the ongoing progress of the manufacturing sector.
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Arslan Butt, Commodities & Indices Analyst
Editor

Latest PMI data pointed to a quicker contraction in French business activity during January, partially driven by the imposition of stricter coronavirus disease 2019 (COVID-19) curfews.

Arslan Butt, Commodities & Indices Analyst
Editor

Flash Germany PMI Composite Output Index( 1)
at 50.8 (Dec: 52.0). 7-month low.

Flash Germany Services PMI Activity Index(2) at
46.8 (Dec: 47.0). 2-month low.

Flash Germany Manufacturing Output Index( 4)
at 58.6 (Dec: 61.3). 5-month low.

Flash Germany Manufacturing PMI(3) at 57.0
(Dec: 58.3). 4-month low.

OLD EVENTS
<% item.item_scheduled_at | date:'EEEE, d MMMM, yyyy' %>
EVENT ENDED

<% item.item_title %>

Posted by <% item.author.display_name %>

<% indicator.indicator_name %>
<% indicator.indicator_value %>
Related Pairs
<% ssp.ssp_posted_at | date:"HH:mm" %>