Purchasing Managers’ Index(PMI) in the Euro area from March 2016 to March 2017 (50= no change)
The statistic shows the Purchasing Managers' Index (PMI) in the Euro area from March 2016 to March 2017. An indicator of the economic health of the manufacturing sector, the Purchasing Managers' Index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment. An index value above 50 percent indicates a positive development in the industrial sector, whereas a value below 50 percent indicates a negative situation. In November 2016, the value of the Purchasing Managers' Index in the Euro area stood at 53.7 points.
The world economy is improving with the Global Purchasing Managers’ Index increasing in the fourth quarter to the highest in over a year. With all of the main economies showing better-than-expected economic data in recent months, global GDP is on track to expand in 2017. U.S. GDP growth should accelerate to more cause by strong labor markets. Rise in interest rate should be moderate. The long-term U.S. outlook for both growth and inflation is less clear give the protectionist measures being considered by the Trump administration.