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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

Website popup

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Status

 
Latest Release
Aug 23, 2017
Actual
55.5
Forecast
55.8
Previous
56.0
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
Sep 05, 2017 (Aug) 03:50     55.5
Aug 23, 2017 (Aug) 03:00   55.5 55.8 56.0
Aug 03, 2017 (Jul) 03:50 56.0 55.9 55.9
Jul 24, 2017 (Jul) 03:00   55.9 56.7 56.9
Jul 05, 2017 (Jun) 03:50 56.9 55.3 55.3
Jun 23, 2017 (Jun) 03:00   55.3 57.0 57.2

News

French private sector growth remains solid in August
French private sector growth remains solid in August By Investing.com - 1 hour ago

Investing.com - French private sector activity continued to expand in August, boosting the outlook for the euro zone’s second largest economy, according to data released on Wednesday. The ...

French private sector output slows slightly in July
French private sector output slows slightly in July By Investing.com - Jul 24, 2017

Investing.com - French private sector activity slowed slightly in July, pulling further back from May’s six-year peak but still pointed to a solid start to the second half of the year for the ...

Analysis

SGT Markets
Forex Analysis: EUR/USD, GBP/USD, AUD/USD By SGT Markets - Jul 27, 2017

EUR/USD Eyes on today U.S. Core Durable Goods Orders. The Federal Reserve statement noted that interest rates are likely to remain low for "some time", highlighting that increases in its benchmark ...

French Services PMI Discussion

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