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Revised Manufacturing PMI in the Eurozone

Country:
EUREurozone
Importance:
★★
Data Trends
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Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
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About Revised Manufacturing PMI in the Eurozone

The revised Manufacturing Purchasing Managers' Index (PMI) is an indicator assessing economic activity in the manufacturing sector of the Eurozone. This data is published monthly by IHS Markit, based on initial flash estimates, and shows the final adjusted figures.

The PMI is calculated based on new orders, production, employment, and inventory levels, with a baseline of 50—indicating expansion if above 50 and contraction if below. The revised values more accurately reflect the strength of manufacturing activity, aiding in the assessment of the current economic state.

This data serves as a reference for policymakers to evaluate the economic situation and formulate appropriate policies. It also provides crucial information for businesses and investors to understand manufacturing trends and forecast economic conditions.

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