Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.
The typical/expected impact on EUR pairs is medium.
The consensus forecast for S&P Global Manufacturing PMI is 50.2. A higher value than forecast tends 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 49.5 against a forecast of 50.
Recent economic data has been moderately bearish for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global Manufacturing PMI result:
Country: | Spain |
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Currency: | EUR |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |