Spanish Manufacturing PMI

Information

• Measures

  Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry;

• Effect

  Real greater than expected is good for the currency

• Notes

  Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction;

• Why Traders Care

  It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;

• Abbreviation Explanation

  Purchasing Managers' Index (PMI);

• Release Date Details

  Released monthly, on the first business day after the month ends;