Markit European Union Services Purchasing Managers Index (PMI)

Country:
European Union
EUR, Euro
Source:
Sector:
Business
Medium 28.7 11.8
12
Last release Importance Actual Forecast
Previous
28.7
28.7
Next release Actual Forecast
Previous
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Markit Service PMI is an indicator of changes in business conditions in the eurozone's service sector in the specified month. The indicator is based on monthly surveys of purchasing managers working in private companies of the service sector.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's service production activities. Purchasing managers are among the first to notice such changes. The sample for the survey is chosen so as to cover the maximum possible number of large companies across the country.

Purchasing managers complete a questionnaire, in which they assess the basic parameters of their work:

  • Business activity
  • New orders received
  • Backlogs
  • Prices received for produced services
  • Prices paid (for materials and services purchased in the production process)
  • Employment
  • Near-term business activity

The survey participants provide relative estimates: whether figures have increased, decreased or remain unchanged. Individual subindexes are calculated based on these answers. These subindexes characterize inflation, employment and other key indicators of economic activity.

The index is seasonally adjusted. Individual weights are given to polled companies. Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

Service sector PMI is one of the most popular indexes closely watched by economists. It provides operational information covering the entire service sector. It is interpreted as a leading indicator of service sector activity and inflation in the eurozone. Service PMI growth is an indication of favorable market conditions and can be seen as positive for euro quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "Markit European Union Services Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
May 2020 prelim.
28.7
11.8
12
Apr 2020
12
11.7
11.7
Apr 2020 prelim.
11.7
43.3
26.4
Mar 2020
26.4
28.4
28.4
Mar 2020 prelim.
28.4
52.4
52.6
Feb 2020
52.6
52.8
52.8
Feb 2020 prelim.
52.8
52.4
52.5
Jan 2020
52.5
52.2
52.2
Jan 2020 prelim.
52.2
53
52.8
Dec 2019
52.8
52.4
52.4
Dec 2019 prelim.
52.4
52.1
51.9
Nov 2019
51.9
51.5
51.5
Nov 2019 prelim.
51.5
52.3
52.2
Oct 2019
52.2
51.8
51.8
Oct 2019 prelim.
51.8
51.5
51.6
Sep 2019
51.6
52
52
Sep 2019 prelim.
52
53.2
53.5
Aug 2019
53.5
53.4
53.4
Aug 2019 prelim.
53.4
53.4
53.2
Jul 2019
53.2
53.3
53.3
Jul 2019 prelim.
53.3
53.5
53.6
Jun 2019
53.6
53.4
53.4
Jun 2019 prelim.
53.4
52.4
52.9
May 2019
52.9
52.5
52.5
May 2019 prelim.
52.5
52.2
52.8
Apr 2019
52.8
52.5
52.5
Apr 2019 prelim.
52.5
53.6
53.3
Mar 2019
53.3
52.7
52.7
Mar 2019 prelim.
52.7
53.4
52.8
Feb 2019
52.8
52.3
52.3
Feb 2019 prelim.
52.3
51
51.2
Jan 2019
51.2
50.8
50.8
Jan 2019 prelim.
50.8
51.2
51.2
Dec 2018
51.2
51.3
51.4
Dec 2018 prelim.
51.4
53.2
53.4
Nov 2018
53.4
52.9
53.1
Nov 2018 prelim.
53.1
53.6
53.7
Oct 2018
53.7
54.1
53.3
Oct 2018 prelim.
53.3
54.8
54.7
Sep 2018
54.7
54.5
54.7
Sep 2018 prelim.
54.7
54.4
54.4
Aug 2018
54.4
54.3
54.4
Aug 2018 prelim.
54.4
54.3
54.2
Jul 2018
54.2
54.8
54.4
Jul 2018 prelim.
54.4
55.1
55.2
Jun 2018
55.2
54.4
55
Jun 2018 prelim.
55
53.9
53.8
May 2018
53.8
54.3
53.9
May 2018 prelim.
53.9
54.9
54.7
Apr 2018
54.7
55
55

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