Markit Services PMI is calculated based on surveys of the representatives of the eurozone service sector. The representatives assess business conditions based on service orders and employment dynamics in this sector.
Readings above 50 can have a positive effect on euro quotes.
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.