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Eurozone Services Purchasing Managers Index (PMI)

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Eurozone Services Purchasing Managers Index (PMI)

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Latest Release
May 23, 2017
Actual
56.2
Forecast
56.4
Previous
56.4
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
Jun 06, 2017 (May) 04:00     56.2
May 23, 2017 (May) 04:00   56.2 56.4 56.4
May 04, 2017 (Apr) 04:00 56.4 56.2 56.2
Apr 21, 2017 (Apr) 04:00   56.2 56.0 56.0
Apr 05, 2017 (Mar) 04:00 56.0 56.5 56.5
Mar 24, 2017 (Mar) 05:00   56.5 55.3 55.5

News

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Services PMI Discussion

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