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New data HCOB Composite PMI (Jan)

2/5/2025

actual 50.5, previous 48

The event is the release of the HCOB Composite PMI (Purchasing Managers' Index) for Germany in January 2025. The actual PMI value is 50.5, which indicates a slight improvement compared to the previous month. The PMI is a key economic indicator that provides insight into the performance of the manufacturing and services sectors.

With a medium impact level, this event is likely to influence market sentiment towards the Euro (EUR) currency. The estimate was 50.1, and the previous value was 48, showing a positive change in the economic activity. The 5.208% change percentage indicates a notable increase in the PMI, suggesting potential growth in the German economy.

This is not investment advice. Remember to verify the information provided here.

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