Euro area Manufacturing PMI surveys factory purchasing managers across the bloc; a reading above 50 means manufacturing is expanding and below 50 means it is contracting.
Actual
49.5
Forecast
49.4
Previous
48.8
Euro Area Manufacturing PMI for Jan came in at 49.5 versus 49.4 expected (previous 48.8), above forecast, which was positive for the EUR.
What it meant for the EUR
The actual landed above the 49.4 forecast (0.1 above expectations). A reading above forecast is generally bullish for the EUR, and below forecast bearish. On this release the read was positive for the EUR.
New to this release? See what Euro Area Manufacturing PMI measures, the next release and its full history.