German Flash Manufacturing MoM
Declining Manufacturing Figures in Germany
Starts Thursday, November 15, 2018 at 18:56
Updated Wednesday, October 24, 2018
The manufacturing sector used to be in great shape in Germany and in the Eurozone until a few months ago. But, it has had a soft patch in the last several months. The flash manufacturing PMI has declined below the 54 level from 56-57 that we saw in the spring months and during most of the summer. Today, manufacturing is expected to soften further. 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.