Germany S&P Global Manufacturing PMI Final

Info

History

Chart

Impact:

High

Source: S&P Global

Latest Release:

Date:

Surprise:

0.3

EUR

Actual:

44.7

Forecast: 44.4

Previous/Revision:

46.3

Period: Mar

What Does It Measure?

The S&P Global Manufacturing PMI Final in Germany measures the economic health of the manufacturing sector by gauging variables such as output, employment, new orders, supplier deliveries, and inventories. This index provides insights into production activity; values above 50 indicate expansion while values below 50 signal contraction, serving as a key national indicator.

Frequency

This report is released on a monthly basis, providing final figures typically on the first business day of the following month, reflecting a comprehensive understanding of the manufacturing sector's performance.

Why Do Traders Care?

Traders monitor the S&P Global Manufacturing PMI because it offers crucial insights into the economic conditions of Germany, affecting Eurozone financial markets. Positive readings can buoy the Euro and increase investor confidence in stocks, whereas disappointing results might lead to bearish sentiments in currencies and equities.

What Is It Derived From?

The PMI is derived from a survey of purchasing managers across various manufacturing sectors, utilizing a diffusion index methodology where responses indicate growth, no change, or decline based on specific questions about production and business conditions. Approximately 500 companies participate in the survey, ensuring a representative cross-section of the manufacturing economy.

Description

The report consists of a preliminary version, based on early data, and a final version that reflects the confirmed results following comprehensive data collection and analysis. Markets tend to react swiftly to the preliminary report due to its timely release, while final data can lead to adjustments in market expectations based on more accurate and confirmed information.

Additional Notes

The S&P Global Manufacturing PMI is considered a leading economic indicator, providing foresight into future economic activity and trends. It is often compared to other indicators such as the Services PMI and overall GDP growth, as it provides a snapshot of manufacturing health which is a crucial component of the broader economic landscape.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Apr 03, 2023	44.7	44.4	46.3	0.3
Mar 01, 2023	46.3	46.5	47.3	-0.2
Feb 01, 2023	47.3	47	47.1	0.3
Jan 02, 2023	47.1	47.4	46.2	-0.3
Dec 01, 2022	46.2	46.7	45.1	-0.5
Nov 02, 2022	45.1	45.7	47.8	-0.6
Oct 03, 2022	47.8	48.3	49.1	-0.5
Sep 01, 2022	49.1	49.8	49.3	-0.7
Aug 01, 2022	49.3	49.2	52	0.1
Jul 01, 2022	52	52	54.8
Jun 01, 2022	54.8	54.7	54.6	0.1
May 02, 2022	54.6	54.1	56.9	0.5