Monday the 23rd of November: Release of data from the Markit Manufacturing PMI for France, Germany, European Union, United Kingdom and the United States of America.

Markit Manufacturing PMI

Released monthly, in advance by IHS Markit the PMI data known as The Manufacturing Purchasing Managers Index measures the performance of the manufacturing sector and its data is derived from a survey of top industrial companies and based on 5 indexes with a total weight of 100%.

A figure above 50 indicates an expansion of the manufacturing sector while a figure below 50 represents a contraction.

Markit Manufacturing PMI

Source: IHS Markit PMI Releases. (November 23, 2020). 

The European Commission has released its latest Business and EU Consumer Confidence Survey. The November 2020 Flash Consumer Confidence Indicator which states that the estimate of the consumer confidence indicator decreased in both the euro area (2.1 points down) and the EU (2.2 points down) compared to October.

Consumer Confidence Indicator for EU and Euro Area is Down

At −17.6 points (euro area) and −18.7 points (EU), both indicators are well below their long-term averages of −11.2 (euro area) and −10.6 (EU).

Source: European Commission