Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
The most recent announced value for S&P Global Manufacturing PMI was 51.3 against a forecast of 50.9.
Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global Manufacturing PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Harmonized Index of Consumer Prices (YoY) | Bullish change | 3.3% | 3.4% | ||
| Harmonized Index of Consumer Prices (MoM) | (no change) | 1.2% | 1.2% | ||
| Harmonized Index of Consumer Prices (YoY) | (no change) | 2.8% | 2.8% | ||
| Industrial Production n.s.a. w.d.a. (YoY) | Bullish change | -0.9% | 0% | ||
| Industrial Production s.a. (MoM) | Bearish change | 0% | -0.3% | ||
| Trade Balance s.a. | Bearish change | €20.3B | €19.8B | ||
| Producer Price Index (MoM) | Bearish change | 0.8% | -0.7% | ||
| Producer Price Index (YoY) | Bearish change | -2% | -3% | ||
| Retail Sales (MoM) | Bearish change | 0% | -0.2% | ||
| Retail Sales (YoY) | Bearish change | 2.1% | 1.7% | ||
| Factory Orders n.s.a. (YoY) | Bullish change | 0.3% | 3.5% | ||
| Factory Orders s.a. (MoM) | Bullish change | -11.1% | 0.9% | ||
| Sentix Investor Confidence | Bearish change | -3.1 | -19.2 | ||
| HCOB Composite PMI | Bullish change | 50.5 | 50.7 | ||
| HCOB Composite PMI | (no change) | 51.9 | 51.9 | ||
| HCOB Services PMI | Bearish change | 51.2 | 50.9 | ||
| HCOB Services PMI | Bullish change | 51.9 | 53.3 | ||
| Unemployment Rate | Bearish change | 6.1% | 6.2% | ||
| HCOB Manufacturing PMI | Bullish change | 51.7 | 52.2 | ||
| HCOB Manufacturing PMI | Bearish change | 50 | 48.7 |
| Country: | Italy |
|---|---|
| Currency: | EUR |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |