HCOB Manufacturing PMI
Actual
47.4
Previous
45.7
Forecast
46.1
The Manufacturing Purchasing Managers Index (PMI) released by S&P Global and Hamburg Commercial Bank (HCOB) captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in Italy. A result above 50 signals is bullish for the Euro, whereas a result below 50 is seen as bearish.