German Flash Manufacturing MoM
Let\\\'s See If Coronavirus Has Hurt German Manufacturing This Month
Starts Tuesday, March 24, 2020 at 08:30
Updated Tuesday, March 24, 2020
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. But, let's se if coronavirus has impacted manufacturing now, as the economy shuts down. Please follow us for live coverage of this event by experienced market analysts.
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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.