Euro-Zone PMI Manufacturing

Actual
47.6
Previous
49.3
Forecast
49.5

The Manufacturing Purchasing Managers Index, released by the Markit economics, measures the activity level of purchasing managers in the manufacturing sector. The manufacturing PMI is an important indicator of business conditions and the overall economic condition in the Euro Zone, because the manufacturing sector represents nearly a quarter of total GDP. A reading above 50 indicates expansion in the sector and below 50 indicates contraction.

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