Monday, 24 January 2022

Market Manufacturing PMI, Germany on 24 January 2022

WHAT IT INFLUENCES: EUR and its subsequent pairs

WHAT'S HAPPENING: The Manufacturing Purchasing Managers Index (PMI) released by Markit economics, captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of the total GDP, the manufacturing PMI is an important indicator of business conditions and Germany's overall economic condition. Typically, a result above 50 signals is bullish for the EUR, whereas a result below 50 is seen as bearish.


Posted by at
Labels: , , , , , , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Remarketing tags may not be associated with personally identifiable information or placed on pages related to sensitive categories. See more information and instructions on how to setup the tag on: http://google.com/ads/remarketingsetup --------------------------------------------------->