German Manufacturing PMI
a.k.a. HCOB Germany Manufacturing PMI
A monthly survey of purchasing managers at German factories, where readings above 50 mean the sector is…
In plain English
A monthly survey of purchasing managers at German factories, where readings above 50 mean the sector is growing.
Germany is Europe's factory floor, so the German Manufacturing PMI is one of the most watched gauges of eurozone industry. A 'flash' estimate comes out late in the month, before the final number.
Surprises can move the euro, especially when they change the story about growth and the ECB.
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