Upcoming News: Incoming Eurozone Manufacturing PMI Previews Economic Health
The Eurozone's Manufacturing PMI: A Key Indicator
The upcoming release of the Eurozone's Manufacturing Purchasing Managers Index (PMI) is highly anticipated, as it will provide crucial insights into the region's economic health. The PMI is a weighted average of five sub-indices:
Sub-Indices:
- New orders
- Production
- Employment
- Supplier delivery times
- Inventories
These sub-indices collectively measure the activity level of the manufacturing sector. A reading above 50 indicates expansion, while a reading below 50 signifies contraction.
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