Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  April 02, 2013 11:00:42

Euro zone / country - PMI in the manufacturing sector generally upwardly revised decrease in CR

Purchasing Managers' Index (PMI) for the manufacturing sector in the euro area and individual European for March was in many cases upwardly revised.

Eurozone PMI in the manufacturing sector for the whole euro area in March fell to 46.8 points compared to 46.6 points preliminarily estimated. The market expected confirmation of preliminary data.

PMI in Germany for March reached 49 points versus 48.9 points preliminarily estimated. Market has allowed only after receipt preliminarily estimated data.

France PMI was revised from preliminary estimated 43.9 to 44 points from the market expected confirmation of preliminary data.

PMI in the UK in March was upwardly revised to 48.3 points compared to 47.9 points preliminarily presented and compared to market expectations set at 48.7 points.

PMI in the Czech Republic in March, down from an estimated preliminary 49.9 to 49.1 points. The market expected a less drastic downward revision towards 49.3 points.

Threshold of 50 points is considered to be a divide between growth and contraction of the sector.
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