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Eurozone Services Purchasing Managers Index (PMI)

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Eurozone Services Purchasing Managers Index (PMI)

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Delivery Method

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Status

 
Latest Release
Aug 03, 2017
Actual
55.4
Forecast
55.4
Previous
55.4
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.
Importance:
Country:
Currency: EUR
Source: markit
Eurozone Services Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Sep 05, 2017 (Aug) 04:00   55.4  
Aug 23, 2017 (Aug) 04:00     55.4 55.4
Aug 03, 2017 (Jul) 04:00 55.4 55.4 55.4
Jul 24, 2017 (Jul) 04:00   55.4 55.5 55.4
Jul 05, 2017 (Jun) 04:00 55.4 54.7 54.7
Jun 23, 2017 (Jun) 04:00   54.7 56.2 56.3

News

The week ahead: 5 things to watch on the economic calendar
The week ahead: 5 things to watch on the economic calendar By Investing.com - Aug 20, 2017

Investing.com - Global financial markets will focus on the annual meeting of top central bankers and economists in Jackson Hole, Wyoming, where the heads of the U.S. and European central banks will be...

Euro zone private sector output loses momentum, still solid
Euro zone private sector output loses momentum, still solid By Investing.com - Jul 24, 2017

Investing.com - Euro zone private sector activity lost momentum for the second month running in July, but still started the third quarter on a solid footing, according to data released on Monday. The...

The week ahead: 5 things to watch on the economic calendar
The week ahead: 5 things to watch on the economic calendar By Investing.com - Jul 23, 2017

Investing.com - In the week ahead, global financial markets will focus on the outcome of Wednesday's Federal Reserve policy meeting for any new insight on the timing of the next U.S. rate hike and ...

Analysis

Kenny Fisher
DAX Edges Lower On Soft German Services PMI By Kenny Fisher - Aug 03, 2017

The DAX has posted slight losses in Thursday trade. In the European session, DAX is trading at 12,43.50, down 0.35% on the day. On the release front, German Final Services PMI dipped to 53.1, short of...

Services PMI Discussion

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Novan Bacdri
Novan Bacdri Apr 23, 2014 8:11AM GMT
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