Monthly Preliminary Index Indicating Manufacturing Sentiment in Germany
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The Purchasing Managers' Index (PMI, preliminary figure) for the manufacturing sector in Germany is a monthly indicator used to swiftly assess economic activity. This index, based on surveys conducted by IHS Markit, gathers data from purchasing managers in manufacturing regarding new orders, inventory levels, employment conditions, delivery times, and price trends.
PMI is benchmarked at 50, where values above 50 indicate expansion in the manufacturing sector, while values below 50 indicate contraction. The preliminary figure represents preliminary data based on initial estimates. This index is crucial for promptly understanding the current state of the German economy, particularly for evaluating trends in manufacturing.
Policymakers use the preliminary PMI to evaluate economic outlooks and formulate appropriate monetary policies. For instance, if the index shows robust growth, the central bank might consider raising interest rates to mitigate inflation risks. Conversely, if the index is declining, there may be a need to enhance economic stimulus measures. Additionally, for businesses and investors, it serves as a critical source of information for grasping the business sentiment in the manufacturing sector.
| Date | Value | Related Instruments Price Volatility | ||||||||
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| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
