Italy S&P Global Manufacturing PMI comes in at 49.6 against 51.9 consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
Italy’s S&P Global Manufacturing PMI was released at 49.6 on 2026-09-01 07:46 UTC. This figure came in below the consensus expectation of 51.9, representing a -4.4% surprise against the forecast. The previous month’s reading was 51.3.
Measured market reaction across EUR pairs has been limited in the 15 minutes following the release. EURAUD moved +3.0 pips, EURCAD +1.4 pips, EURCHF -0.6 pips, EURGBP -0.5 pips, EURJPY +0.8 pips, EURNZD -0.1 pips, and EURUSD +2.7 pips. These movements are small when compared to the typical median 1-hour moves observed after past releases. For instance, EURUSD typically sees a median 1-hour move of 8 pips, while EURAUD’s median 1-hour move is 12 pips. Direction-reliability statistics are not yet available for this event.