Date
GMT+00:00
Event Previous Forecast Actual
Mar, 04 08:55
★★
PMI Services
PMI Services
Country:
Date: Mar, 04 08:55
Importance: Medium
Previous: 53.4
Forecast: 53.4
Actual: -
Period: Feb

Gauge for the overall performance of the German service sector. The Services PMI interviews German executives on the status of sales, employment, and their outlook. Because the performance of the German service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. For this reason Services PMI usually causes little market movement. The survey results are quantified and presented as an index on a 1-100 scale. The headline figure is the percentage change in the index.

53.4 53.4 -
Mar, 04 08:55
★★
Composite PMI
Composite PMI
Country:
Date: Mar, 04 08:55
Importance: Medium
Previous: 53.1
Forecast: 53.1
Actual: -
Period: Feb
An index level of 50 denotes no change since the previous month, while a level above 50 signals an increase or improvement, and below 50 indicates a decrease or deterioration.
53.1 53.1 -
Mar, 04 09:00
★★
PMI Services
PMI Services
Country:
Date: Mar, 04 09:00
Importance: Medium
Previous: 53.4
Forecast: 53.4
Actual: -
Period: Feb

Gauge for the overall performance of the German service sector. The Services PMI interviews German executives on the status of sales, employment, and their outlook. Because the performance of the German service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. For this reason Services PMI usually causes little market movement. The survey results are quantified and presented as an index on a 1-100 scale. The headline figure is the percentage change in the index.

53.4 53.4 -
Mar, 04 09:00
★★
Composite PMI
Composite PMI
Country:
Date: Mar, 04 09:00
Importance: Medium
Previous: 51.9
Forecast: 51.9
Actual: -
Period: Feb

The Eurozone Composite Purchasing Managers Index (PMI) assesses business conditions in manufacturing, construction and service sectors. The Eurozone PMI is both a significant and timely indicator of business conditions and the general health of the economy. Close correlation with the business cycle, assessed on the basis of long-term statistical data, allows to use the PMI indicator for prognosis of future GDP volumes. The PMI indices are based onĀ  selected panels of executives in companies who report each month on real events. The subindex of intangibles sector - PMI services - is of more importance because in industrialized countries around 70% of GDP is generated in non-manufacturing sector.

51.9 51.9 -
Mar, 04 09:00
Unemployment Rate
Unemployment Rate
Country:
Date: Mar, 04 09:00
Importance: Low
Previous: 5.6%
Forecast: 5.6%
Actual: -
Period: Jan

The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

5.6% 5.6% -