Germany Manufacturing PMI comes in at 54.1 against 53.6 consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
Germany’s S&P Global Manufacturing PMI was released today, August 21, 2026, at 54.1. This figure came in above the market consensus of 53.6 and also surpassed the previous reading of 52.2. The actual print represented a 0.9% surprise compared to the consensus expectation.
Following the release, EUR pairs showed varied movements within the first 15 minutes. EURAUD moved -6.6 pips, EURCAD moved -5.7 pips, and EURCHF moved -0.5 pips. EURGBP saw a +0.1 pip change, EURNZD moved +0.7 pips, and EURUSD moved -3.3 pips. EURJPY experienced a -12 pip move. These initial reactions are relatively small when compared to the typical median 1-hour moves observed after past releases. For context, EURAUD typically sees a median 1-hour move of 12 pips, EURCAD 11 pips, EURCHF 7 pips, EURGBP 7 pips, EURJPY 13 pips, EURNZD 13 pips, and EURUSD 10 pips.