Germany Manufacturing Purchasing Managers Index (PMI) June
WHEN : 24 July 2020
WHAT IT INFLUENCES: EUR, its subsequent pairs, and GER30
The German Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector while below indicates contraction. Traders scrutinise these surveys as purchasing managers usually have early access to the data about their company's performance, which can be a primary indicator of overall economic performance.
If the actual value of the PMI exceeds its forecast, the EUR generally shows an uptrend (bullish). And if the actual value of the PMI falls behind its forecast, the EUR generally shows a downtrend (bearish).
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