Germany HCOB Manufacturing PMI Final

Info

History

Chart

Impact:

High

Source: S&P Global

Latest Release:

Date:

Surprise:

-0.2

EUR

Actual:

Forecast: 43.2

Previous/Revision:

Period: Nov

Next Release:

Date:

Forecast: 42.5

Period: Dec

What Does It Measure?

The HCOB Manufacturing PMI Final measures the performance of the manufacturing sector within Germany, focusing on various components such as production levels, new orders, employment, and supplier delivery times. It is a national indicator, with key indicators indicating expansion or contraction based on a diffusion index where values above 50 signal growth and values below 50 indicate decline.

Frequency

The HCOB Manufacturing PMI Final is released monthly and typically provides final figures a few days after the preliminary estimates, usually on the first business day of the month following the surveyed month.

Why Do Traders Care?

Traders closely monitor the HCOB Manufacturing PMI Final because it serves as an essential gauge of the health of Germany's manufacturing sector, which is a vital component of Europe's largest economy. A positive reading can bolster the Euro and equities by suggesting economic expansion, while a weaker figure can pressure the Euro and signal caution in the stock market.

What Is It Derived From?

The HCOB Manufacturing PMI Final is derived from a survey of purchasing managers within the manufacturing industry, who provide feedback on various business conditions. The index is calculated using a diffusion index methodology, where responses indicating better conditions are weighted against those indicating worse conditions to create an overall index score.

Description

The final report is an updated version of the preliminary report and is based on more complete data, reflecting more accurately the state of the manufacturing sector. Preliminary data is typically subject to revision and can lead to increased market volatility upon release, while the final data solidifies the previous findings but is less impactful in terms of immediate market response.

Additional Notes

The HCOB Manufacturing PMI Final is considered a leading indicator of economic activity, as changes in manufacturing conditions often precede broader economic trends. Its release can influence perceptions of economic strength not only within Germany but also across the Eurozone, as manufacturing is a key driver of economic growth in the region.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for Euro, Bullish for Stocks. Lower than expected: Bearish for Euro, Bearish for Stocks.

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
Dec 02, 2024	43	43.2	43	-0.2
Nov 04, 2024	43	42.6	40.6	0.4
Oct 01, 2024	40.6	40.3	42.4	0.3
Sep 02, 2024	42.4	42.1	43.2	0.3
Aug 01, 2024	43.2	42.6	43.5	0.6
Jul 01, 2024	43.5	43.4	45.4	0.1
Jun 03, 2024	45.4	45.4	42.5
May 02, 2024	42.5	42.2	41.9	0.3
Apr 02, 2024	41.9	41.6	42.5	0.3
Mar 01, 2024	42.5	42.3	45.5	0.2
Feb 01, 2024	45.5	45.4	43.3	0.1
Jan 02, 2024	43.3	43.1	42.6	0.2
Dec 01, 2023	42.6	42.3	40.8	0.3
Nov 02, 2023	40.8	40.7	39.6	0.1
Oct 02, 2023	39.6	39.8	39.1	-0.2
Sep 01, 2023	39.1	39.1	38.8
Aug 01, 2023	38.8	38.8	40.6
Jul 03, 2023	40.6	41	43.2	-0.4
Jun 01, 2023	43.2	42.9	44.5	0.3
May 02, 2023	44.5	44	44.7	0.5