Euro Area Markit Manufacturing PMI Final

Info

History

Chart

Impact:

Medium

Source: Markit Economics

Latest Release:

Date:

Surprise:

-0.2

EUR

Actual:

58.2

Forecast: 58.4

Previous/Revision:

58.7

Period: Feb

What Does It Measure?

The Euro Area Markit Manufacturing PMI Final measures the economic health of the manufacturing sector across the Eurozone. It focuses on key components such as production levels, employment, new order volumes, and supplier delivery times, with a reading above 50 indicating expansion and below indicating contraction.

Frequency

This report is released monthly, typically around the first working day of the following month, presenting final figures that refine earlier preliminary estimates.

Why Do Traders Care?

Traders care about the Markit Manufacturing PMI Final as it provides vital insights into the manufacturing sector, influencing financial markets significantly. Stronger-than-expected readings can be bullish for the Euro and equities within the Eurozone, while weak results may lead to bearish trends in currencies and stock prices due to concerns about economic growth.

What Is It Derived From?

The Manufacturing PMI is derived from a survey of purchasing managers in the manufacturing sector, capturing their perceptions on various operational factors. The data is processed using a diffusion index methodology, where responses above a neutral score signal expansion, and those below indicate contraction.

Description

Preliminary reports are based on early estimates and can be subject to revisions, while final reports are considered more accurate and reflect the comprehensive data collected. The PMI utilizes a month-over-month comparison, providing insights into short-term changes and potential trends in manufacturing activity.

Additional Notes

The Markit Manufacturing PMI Final is a leading indicator of economic activity, often serving as an early signal for shifts in the broader economy. It is closely watched in the context of other indicators like the Services PMI or GDP figures to gauge overall economic health within the Eurozone.

Bullish or Bearish for Currency and Stocks

If the final PMI figure is higher than expected: Bullish for EUR, Bullish for Stocks. If lower than expected: Bearish for EUR, Bearish for Stocks. The PMI's results can signal economic growth potential, influencing interest rates; thus, if the data is strong, it may suggest a hawkish tone, indicating rising interest rates, which is usually good for EUR but bad for Stocks due to higher borrowing costs.

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
Mar 01, 2022	58.2	58.4	58.7	-0.2
Feb 01, 2022	58.7	59	58	-0.3
Jan 03, 2022	58	58	58.4
Dec 01, 2021	58.4	58.6	58.3	-0.2
Nov 02, 2021	58.3	58.5	58.6	-0.2
Oct 01, 2021	58.6	58.7	61.4	-0.1
Sep 01, 2021	61.4	61.5	62.8	-0.1
Aug 02, 2021	62.8	62.6	63.4	0.2
Jul 01, 2021	63.4	63.1	63.1	0.3
Jun 01, 2021	63.1	62.8	62.9	0.3
May 03, 2021	62.9	63.3	62.5	-0.4
Apr 01, 2021	62.5	62.4	57.9	0.1
Mar 01, 2021	57.9	57.7	54.8	0.2
Feb 01, 2021	54.8	54.7	55.2	0.1
Jan 04, 2021	55.2	55.5	53.8	-0.3
Dec 01, 2020	53.8	53.6	54.8	0.2
Nov 02, 2020	54.8	54.4	53.7	0.4
Oct 01, 2020	53.7	53.7	51.7
Sep 01, 2020	51.7	51.7	51.8
Aug 03, 2020	51.8	51.1	47.4	0.7
Jul 01, 2020	47.4	46.9	39.4	0.5
Jun 01, 2020	39.4	39.5	33.4	-0.1
May 04, 2020	33.4	33.6	44.5	-0.2
Apr 01, 2020	44.5	44.7	49.2	-0.2
Mar 02, 2020	49.2	49.1	47.9	0.1
Feb 03, 2020	47.9	47.8	46.3	0.1
Jan 02, 2020	46.3	45.9	46.9	0.4
Dec 02, 2019	46.9	46.6	45.9	0.3
Nov 04, 2019	45.9	45.7	45.7	0.2
Oct 01, 2019	45.7	45.6	47	0.1
Sep 02, 2019	47	47	46.5
Aug 01, 2019	46.5	46.4	47.6	0.1
Jul 01, 2019	47.6	47.8	47.7	-0.2
Jun 03, 2019	47.7	47.7	47.9
May 02, 2019	47.9	47.8	47.5	0.1
Apr 01, 2019	47.5	47.6	49.3	-0.1
Mar 01, 2019	49.3	49.2	50.5	0.1
Feb 01, 2019	50.5	50.5	51.4
Jan 02, 2019	51.4	51.4	51.8
Dec 03, 2018	51.8	51.5	52	0.3
Nov 02, 2018	52	52.1	53.2	-0.1
Oct 01, 2018	53.2	53.3	54.6	-0.1
Sep 03, 2018	54.6	54.6	55.1
Aug 01, 2018	55.1	55.1	54.9
Jul 02, 2018	54.9	47.8	55.5	7.1
Jun 01, 2018	55.5	55.5	56.2
May 02, 2018	56.2	56	56.6	0.2
Apr 03, 2018	56.6	56.6	58.6
Mar 01, 2018	58.6	58.5	59.6	0.1
Feb 01, 2018	59.6	59.6	60.6
Jan 02, 2018	60.6	60.6	60.1
Dec 01, 2017	60.1	60	58.5	0.1
Nov 02, 2017	58.5	58.6	58.1	-0.1
Oct 02, 2017	58.1	58.2	57.4	-0.1
Sep 01, 2017	57.4	57.4	56.6
Aug 01, 2017	56.6	56.8	57.4	-0.2
Jul 03, 2017	57.4	57.3	57	0.1
Jun 01, 2017	57	57	56.7
May 02, 2017	56.7	56.8	56.2	-0.1
Apr 03, 2017	56.2	56.2	55.4
Mar 01, 2017	55.4	55.5	55.2	-0.1
Feb 01, 2017	55.2	55.1	54.9	0.1
Jan 02, 2017	54.9	60.6	53.7	-5.7
Dec 01, 2016	53.7	53.7	53.5
Nov 02, 2016	53.5	53.3	52.6	0.2
Oct 03, 2016	52.6	52.6	51.7
Sep 01, 2016	51.7	51.8	52	-0.1
Aug 01, 2016	52	51.9	52.8	0.1
Jul 01, 2016	52.8	52.6	51.5	0.2
Jun 01, 2016	51.5	51.5	51.7
May 02, 2016	51.7	51.5	51.6	0.2
Apr 01, 2016	51.6	51.4	51.2	0.2
Mar 01, 2016	51.2	51	52.3	0.2
Feb 01, 2016	52.3	52.3	53.2
Jan 04, 2016	53.2	53.1	52.8	0.1
Dec 01, 2015	52.8	52.8	52.3
Nov 02, 2015	52.3	52	52	0.3
Oct 01, 2015	52	52	52.3
Sep 01, 2015	52.3	52.4	52.4	-0.1
Aug 03, 2015	52.4	52.2	52.5	0.2
Jul 01, 2015	52.5	52.5	52.2
Jun 01, 2015	52.2	52.3	52	-0.1
May 04, 2015	52	51.9	52.2	0.1