EURUSD 1.1319 USDJPY 111.89 USDCAD 1.3316 EURCZK 25.600 USDCZK 22.607 EURPLN 4.2732 USDPLN 3.7756
EURUSD 1.1319 USDJPY 111.89 USDCAD 1.3316 EURCZK 25.600 USDCZK 22.607 EURPLN 4.2732 USDPLN 3.7756

Start real trading in just 30 minutes

Start real trading in just 30 minutes

Micro-lots with no minimum deposit!

Open demo account MetaTrader5

Open demo account MetaTrader5

Opening demo account is the first step

Demo account in MetaTrader 4

Demo account in MetaTrader 4

All-time trading platform classic

For beginners

For beginners

Learn the basics of financial markets

PMI indicator delivers accurate information about the industrial production, compared to the official data released by Eurostat

Country:Eurozone
Impact:medium
Current value:53.4
Last value:53
Change: 0.4 Loss
Minimum value: 0 (Nov -0001)
Maximum value: 54.6 (May 2011)
PMI (Purchasing Manager's Indices)

Rule of thumb

Economists find the PMI to be  the best leading indicator of ECB rate decisions

The PMI is published by Markit Economics, a company which specialises in compiling business surveys and economic indices.


The PMI is available for 26 countries and key regions, such as the  Euro zone or BRICs, and is used by central banks in different countries to help make interest rate decisions. Analysts use data to reliably forecast official data such as GDP. Some key features of the PMI are: indices are rather based on factual data than opinions, expressions or other subjective indicators and, data covers almost all private sector economic activity in many countries.

 

The PMI focuses  on 4 different sectors: manufacturing, construction, services and retail, each published at a different time. The PMI may be compared to the official Industrial production data issued by Eurostat. The accuracy of the PMI is quite high since its data lines up with the data issued by Eurostat related with industrial production.

 

Higher industrial production is considered as a positive signal meaning the economy is growing, which brings more investors to that country. This in turn strengthens that currency (currency appreciation).

 

On the other hand, one should also consider that very high levels of industrial production and GDP growth rates may lead to overheating of the economy, which may bring high levels of inflation and a decrease in the value of money, i.e. the real rates of return leading to  depreciation of the currency because of the capital withdrawal from the financial market.

 

Periodicity of publication

Depending on the sector, the PMI is published between the first day of the next month and the third day of the next  reference month. By the end of the following month of the reference period, broad PMI data is released (including the  euro zone).

21.01.2016 | EMU: Draghi, PMI, USA: Prodeje existujících domů

Lze předpokládat potvrzení stávající silné monetární expanze hlavně kvůli slabosti inflace resp. komentářů k lednovému zasedání ECB monetární politiky.

read more

18.01.2016 | EMU: ZEW, ECB, Draghi, PMI, USA: CPI, Index Philadelphi

Eurozóna: Tento týden trh bude konfrontován s následujícími událostmi – lednový Index ZEW sentimentu ekonomických očekávání Německa/eurozóny (úterý), Rozhodnutí ECB monetární politiky (čtvrtek), Vystoupení prezidenta ECB Draghiho v diskusi na Světovém ekonomickém fóru v Davosu (pátek) a lednový Index PMI zpracovatelského průmyslu a služeb eurozóny (pátek).

read more

14.12.2015 | Eurozóna: Vystoupení Draghiho – čekají se smíšené komentáře

ECB stále praktikuje silnou monetární expanzi. Komentáře ale již nevypadají jednoznačně ve směru posílení monetární expanze. Komentáře Draghiho zřejmě naváží na jeho poslední smíšené vystoupení – varování před nízkou inflací s reflexí ekonomického posílení.

read more

Pola oznaczone gwiazdką są wymagane.

zamknij