German sentiment: what's the ZEW saying?
The ZEW economic sentiment index for September landed recently (report). German sentiment is a leading read on the euro area's biggest economy.
Do you follow it?
- how the ZEW fits your euro view
- the survey's strengths and blind spots
- the pairs you watch around it
Background: PMI explained for the sentiment-survey family.
Background: PMIs explained: the survey data that moves currencies early
Purchasing managers' indexes are among the first economic numbers published each month. What the 50 line means, which PMIs matter and how traders use them.
What does a PMI of 50 mean?
50 is the dividing line: readings above 50 indicate that business activity is expanding compared with the previous month, and readings below 50 indicate contraction.
What is a flash PMI?
An early estimate published before the month ends, based on most of the survey responses. Flash PMIs often move markets more than the final figures.
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