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Eurozone Services Purchasing Managers Index (PMI)
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Latest Release
Dec 05, 2023
Actual48.7
Forecast48.2
Previous47.8
The Euro-zone Services Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the services sector.
The report is based on surveys of about 600 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.
The report is based on surveys of about 600 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.
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| Dec 15, 2023 (Dec) | 04:00 | 48.7 | |||
| Dec 05, 2023 (Nov) | 04:00 | 48.7 | 48.2 | 47.8 | |
| Nov 23, 2023 (Nov) | 04:00 | 48.2 | 48.1 | 47.8 | |
| Nov 06, 2023 (Oct) | 04:00 | 47.8 | 47.8 | 47.8 | |
| Oct 24, 2023 (Oct) | 03:00 | 47.8 | 48.7 | 48.7 | |
| Oct 04, 2023 (Sep) | 03:00 | 48.7 | 48.4 | 47.9 |
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HCOB Eurozone Services PMI Discussion
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