Monthly Revised Index Indicating Manufacturing Sentiment in Germany
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The Purchasing Managers' Index (PMI, revised figure) for the manufacturing sector in Germany is a monthly indicator used to assess economic activity. This index, based on surveys conducted by IHS Markit, collects 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 revised figure represents the final adjusted value based on preliminary estimates. This index is crucial for quickly understanding the current state of the German economy, particularly for evaluating trends in manufacturing.
Policymakers use the revised PMI to assess economic outlooks and formulate appropriate monetary policies. For example, if the index shows strong growth, the central bank may consider raising interest rates to mitigate inflation risks. Conversely, if the index is declining, there may be a need to strengthen economic stimulus measures. For businesses and investors, it's also a vital source of information for understanding 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 | ||
