New data HCOB Manufacturing PMI (Sep)
10/1/2024
actual 44.6, previous 43.9
The event is the HCOB Manufacturing PMI (Purchasing Managers' Index) for September in France. The actual PMI value reported is 44.6, which is higher than the previous value of 43.9. This indicates a slight improvement in the manufacturing sector's economic health. The market was expecting a PMI of 44, so the actual result slightly exceeded expectations.The impact of this event is considered high, as the manufacturing PMI is a key indicator of economic health and can influence market sentiment. A PMI value above 50 typically indicates expansion in the manufacturing sector, while a value below 50 suggests contraction.
Overall, the increase in the French manufacturing PMI suggests a modest improvement in economic conditions for the sector in September.
This is not investment advice. Remember to verify the information provided here.
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