HCOB Manufacturing PMI

Actual
48.7
Previous
48.5
Forecast
49.1

The Manufacturing Purchasing Managers Index (PMI) released by S&P Global and Hamburg Commercial Bank (HCOB) captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in Italy. A result above 50 signals is bullish for the Euro, whereas a result below 50 is seen as bearish.

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