The typical/expected impact on EUR pairs is medium.
The consensus forecast for S&P Global Manufacturing PMI is 49.2. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
The most recent announced value for S&P Global Manufacturing PMI was 48.1 against a forecast of 48.1.
Recent economic data has been moderately bullish for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global Manufacturing PMI result:
| Country: | Italy |
|---|---|
| Currency: | EUR |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |