New data HCOB Manufacturing PMI (Sep)
10/1/2024
actual 45, previous 45.8
The event is the HCOB Manufacturing PMI (Purchasing Managers' Index) for the month of September in the European Union (EU). The actual PMI value reported is 45, which is a decrease of 0.8 points from the previous month. The impact of this event is considered high in the economic calendar. The estimated PMI value was 44.8, slightly lower than the actual value. This indicates a contraction in the manufacturing sector as a PMI value below 50 typically suggests a decline in manufacturing activity. The previous month's PMI was 45.8, so there has been a slight decrease in manufacturing activity according to this report. The currency affected by this event is the Euro (EUR).This is not investment advice. Remember to verify the information provided here.
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