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 51.1. 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 51.5 against a forecast of 52.5.
Recent economic data has been strongly bearish 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) | Bearish change | 3.2% | 3% | ||
| Gross Domestic Product (QoQ) | Bearish change | 0.7% | 0.6% | ||
| Consumer Confidence | Bearish change | -14.2 | -14.6 | ||
| GfK Consumer Confidence Survey | Bearish change | -23.4 | -26.9 | ||
| Producer Price Index (MoM) | Bearish change | 0.1% | 0% | ||
| Producer Price Index (YoY) | Bearish change | -1.8% | -2.3% |
| Country: | Spain |
|---|---|
| Currency: | EUR |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |