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HCOB Composite PMI Flash

Name: HCOB Composite PMI Flash
Creator: TipRanks

The HCOB Composite PMI Flash for the EuroZone is an economic indicator that measures the overall activity in the manufacturing and services sectors. It is derived from surveys of purchasing managers and is considered a leading indicator of economic health. A reading above 50 indicates expansion, while below 50 suggests contraction. This index is significant as it provides insights into economic trends and can influence financial markets by affecting investor sentiment and monetary policy expectations.