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.


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