He PMI Manufacturing of the Eurozone has risen four tenths in May, reaching 49.4 points compared to 49.0 of the previous month, Your best figure in 33 monthsas published by the Hamburg Commercial Bank (HCOB) and S&P Global. The figure has met market expectations, which expected this rebound.
According to the statement, the Manufacturing Sector of the euro zone registered Another intermensual increase in production during Mayexpanding the current production of production to three months. The demand for eurozone goods also showed indications of stabilization after a prolonged contraction period, while companies were less aggressive with employment cuts, purchase of supplies and stocks. As for business confidence, the latest HCOB survey data showed that The confidence of the companies reached its highest level since February 2022 and stood above his historical average.
Euro reaction
After reaching maximum five and a half weeks after the German PMI in 1,1439, the EUR/USD has moderated in the last minutes, quoting around 1,1418, but winning an important 0.63% daily.
Economic indicator
PMI Global S&P manufacturing
The manufacturing purchase managers index (PMI), published by Markit Economicscapture business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of the total GDP, the PMI is an important indicator of the business conditions and the economic conditions of the Eurozone. A reading exceeding 50 points indicates expansion in economic activity, while a reading of less than 50 points implies a decrease in activity. Generally, a result superior to what is expected is bullish for the euro, while a result less than consensus is bassist.
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Last publication: Lun Jun 02, 2025 08:00
Frequency: Monthly
Current: 49.4
Dear: 49.4
Previous: 49.4
Fountain: S&P global
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
