actual 50.5, previous 48
The event is the Purchasing Managers' Index (PMI) for Germany in January. The actual PMI value reported is 50.5, which is higher than the previous value of 48. This indicates a positive change of 2.5 points. The estimate was 50.1, so the actual value slightly exceeded expectations.
The impact of this event is considered low, as it provides insight into the economic health of the manufacturing sector in Germany. A PMI value above 50 typically indicates expansion in the sector, so the increase from the previous month is a positive sign for the German economy.
Overall, this report suggests a modest improvement in manufacturing activity in Germany for the month of January.