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France Services Purchasing Managers Index (PMI)

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France Services Purchasing Managers Index (PMI)

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Delivery Method

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Status

 
Latest Release
Jun 23, 2017
Actual
55.3
Forecast
57.0
Previous
57.2
The French Services Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the services sector.

The report is based on surveys of over 300 business executives in private sector services companies.

Data is usually released on the third working day of each month.Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs.

Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month.From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction).

Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
Importance:
Country:
Currency: EUR
Source: Markit Economics
France Services Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Jul 05, 2017 (Jun) 03:50   58.0 55.3
Jun 23, 2017 (Jun) 03:00   55.3 57.0 57.2
Jun 05, 2017 (May) 03:50 57.2 58.0 58.0
May 23, 2017 (May) 03:00   58.0 56.5 56.7
May 04, 2017 (Apr) 03:50 56.7 57.7 57.7
Apr 21, 2017 (Apr) 03:00   57.7 57.1 57.5

News

text
Dollar remains broadly lower in quiet trade By Investing.com - Jun 23, 2017

Investing.com - The dollar remained broadly lower against the other major currencies in quiet trade on Friday, as investors remained cautious following the previous session’s disappointing U.S. ...

text
Dollar near 1-week lows vs. rivals in cautious trade By Investing.com - Jun 23, 2017

Investing.com - The dollar was hovering near one-week lows against the other major currencies on Friday, as investors remained cautious following the previous session’s disappointing U.S. data ...

Analysis

Kathy Lien
Another Week Of Summer FX Grind? By Kathy Lien - Jun 23, 2017 4

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. By all counts, it was an extremely quiet week in the foreign-exchange market. There was very little change in the U.S. dollar, ...

Kenny Fisher
CAC Dragged Lower By Soft Crude Prices By Kenny Fisher - Jun 23, 2017 1

The CAC index has ticked lower in the Friday session. The index has dropped 0.58% and is currently trading at 5251.50 points. There was good news out of the manufacturing sector, as Eurozone and ...

Marc Chandler
Dollar Pares Gains Ahead Of The Weekend By Marc Chandler - Jun 23, 2017 1

The US dollar is trading lower against all the major currencies today, which pares its earlier gains. The greenback is holding on to small gains for the week against most of them, except the New ...

French Services PMI Discussion

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