S&P Global European Union Services Purchasing Managers Index (PMI)

Country:
European Union
EUR, Euro
Source:
Sector:
Business
Medium 51.1 49.8
50.2
Last release Importance Actual Forecast
Previous
51.1
51.1
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 "S&P Global 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
Mar 2024 prelim.
51.1
49.8
50.2
Feb 2024
50.2
50.0
50.0
Feb 2024 prelim.
50.0
48.4
48.4
Jan 2024
48.4
48.4
48.4
Jan 2024 prelim.
48.4
49.6
48.8
Dec 2023
48.8
48.1
48.1
Dec 2023 prelim.
48.1
48.7
48.7
Nov 2023
48.7
48.2
48.2
Nov 2023 prelim.
48.2
47.3
47.8
Oct 2023
47.8
47.8
47.8
Oct 2023 prelim.
47.8
48.6
48.7
Sep 2023
48.7
48.4
48.4
Sep 2023 prelim.
48.4
46.3
47.9
Aug 2023
47.9
48.3
48.3
Aug 2023 prelim.
48.3
50.0
50.9
Jul 2023
50.9
51.1
51.1
Jul 2023 prelim.
51.1
50.0
52.0
Jun 2023
52.0
52.4
52.4
Jun 2023 prelim.
52.4
55.5
55.1
May 2023
55.1
55.9
55.9
May 2023 prelim.
55.9
56.4
56.2
Apr 2023
56.2
56.6
56.6
Apr 2023 prelim.
56.6
55.3
55.0
Mar 2023
55.0
55.6
55.6
Mar 2023 prelim.
55.6
52.9
52.7
Feb 2023
52.7
53.0
53.0
Feb 2023 prelim.
53.0
50.7
50.8
Jan 2023
50.8
50.7
50.7
Jan 2023 prelim.
50.7
49.4
49.8
Dec 2022
49.8
49.1
49.1
Dec 2022 prelim.
49.1
48.5
48.5
Nov 2022
48.5
48.6
48.6
Nov 2022 prelim.
48.6
48.4
48.6
Oct 2022
48.6
48.2
48.2
Oct 2022 prelim.
48.2
48.8
48.8
Sep 2022
48.8
48.9
48.9
Sep 2022 prelim.
48.9
50.0
49.8
Aug 2022
49.8
50.2
50.2
Aug 2022 prelim.
50.2
50.4
51.2
Jul 2022
51.2
50.6
50.6
Jul 2022 prelim.
50.6
51.4
53.0
Jun 2022
53.0
52.8
52.8
Jun 2022 prelim.
52.8
55.2
56.1
May 2022
56.1
56.3
56.3
May 2022 prelim.
56.3
57.9
57.7
Apr 2022
57.7
57.7
57.7
Apr 2022 prelim.
57.7
54.9
55.6
Mar 2022
55.6
54.8
54.8
Mar 2022 prelim.
54.8
55.7
55.5
Feb 2022
55.5
55.8
55.8

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