Markit Services PMI reflects the level of activity in the Italian service companies during the given month. It is calculated based on a survey of purchasing managers from more than 400 companies, which provide transportation, information, communication, financial, insurance, real estate and commercial services. Managers evaluate business and economic conditions in their sector, as well as provide their short-term expectations. Readings above 50 can affect euro quotes positively.
The chart of the entire available history of the "Markit Italy 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.
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The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.