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
51.6
Forecast
51.4
Previous
52.2
Euro Area Manufacturing PMI for May came in at 51.6 versus 51.4 expected (previous 52.2), above forecast, which was positive for the EUR.
What it meant for the EUR
The actual landed above the 51.4 forecast (0.2 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.