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France Services Purchasing Managers Index (PMI)

Latest Release

Aug 03, 2022

Actual

53.2

Forecast

52.1

53.9

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

Release Date	Time	Actual	Forecast	Previous
Aug 23, 2022 (Aug)	03:15		52.7	53.2
Aug 03, 2022 (Jul)	03:50	53.2	52.1	53.9
Jul 22, 2022 (Jul)	03:15	52.1	52.7	53.9
Jul 05, 2022 (Jun)	03:50	53.9	54.4	58.3
Jun 23, 2022 (Jun)	03:15	54.4	57.6	58.3
Jun 03, 2022 (May)	03:50	58.3	58.4	58.4

News

Eurozone Business Activity Contracts for First Time Since February 2021 - PMIs By Investing.com - Jul 22, 2022 1

By Scott Kanowsky Investing.com -- Eurozone business activity slumped into contraction territory in July, dragged lower by a quickening slowdown in manufacturing and near-stagnant growth in services,...

Flash PMI: Eurozone Business Activity Slides in June, Hitting 16-Month Low By Investing.com - Jun 23, 2022

By Scott Kanowsky Investing.com -- Business activity in the eurozone slid to its lowest level in 16 months in June, as soaring inflation and rising interest rates took a bite out of demand and soured...

European Stocks Lower; PMI Data, Powell's Testimony Weigh By Investing.com - Jun 23, 2022 3

By Peter Nurse Investing.com - European stock markets weakened Thursday, with risk sentiment fragile given mounting fears of a global recession in the wake of aggressive interest rate hikes by the...

Analysis

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Johnson's Ability To Lead Tories Into Victory At Risk With Today's By-Elections By Marc Chandler - Jun 23, 2022

Asia Pacific equities were mixed. Gains were recorded in China, Hong Kong, Australia, and India, among the large markets, while Japan was mostly flat and South Korea and Taiwan shares fell. Europe's...

Asia Session: Powell Uses The "R-Word" By Jeffrey Halley - Jun 23, 2022 2

Federal Reserve Chairman Jerome Powell’s semi-annual testimony on Capitol Hill was the center of attention overnight. Mr. Powell finally dispensed with soft landings, describing them as...

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