The index measures the level of activity of purchasing managers in the industrial sector. Any values above 50 indicate an expansion in production, while values below 50 indicate its reduction. Traders are carefully studying these studies, which can be a leading indicator of the overall state of the economy, as purchasing managers usually get early access to their company’s performance data. The data above the forecast strengthen EUR, and the data below the forecast put pressure on the European currency. It is predicted that the index will remain unchanged at the level of 44.3 points.
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