German PMI Manufacturing is leading indicator that measures level of purchasing managers in manufacturing sectors. Reading below 50 indicate contraction while above show expansion. Traders have close eye on data because it has great impact on economic performance. In February 2020 German PMI Manufacturing increased to 47.8 from 45.3 for January. It is utmost reading in last 13 months though it is taken as contraction in works activity. Meanwhile exports and business sentiments are drooping due to impact of corona virus in China.
German PMI Manufacturing data is released during the first half of each month at 03:55 EST by NTE Economics. Reading higher than expected taken as positive/bullish for Euro while negative readings indicate bearish Euro trend.