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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
Apr 21, 2017
Actual
56.2
Forecast
56.0
Previous
56.0
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
May 04, 2017 (Apr) 04:00     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
Mar 03, 2017 (Feb) 05:00 55.5 55.6 55.6
Feb 21, 2017 (Feb) 05:00   55.6 53.7 53.7

News

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Euro zone composite PMI hits 6-year high in April By Investing.com - Apr 21, 2017

Investing.com - Economic activity in the euro zone unexpectedly rose in April, hitting a six-year high and bolstering optimism over the region’s economy, preliminary data showed on Friday. In a...

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Euro Zone Services PMI 56.2 vs. 56.0 forecast By Investing.com - Apr 21, 2017

Investing.com - Euro zone service sector activity rose unexpectedly in the last quarter, industry data showed on Friday.In a report, markit said that Euro Zone Services PMI rose to 56.2, from 56.0 in...

text
Euro Zone Services PMI 56.0 vs. 56.5 forecast By Investing.com - Apr 05, 2017

Investing.com - Euro zone service sector activity fell unexpectedly in the last quarter, industry data showed on Wednesday.In a report, markit said that Euro Zone Services PMI fell to 56.0, from 56.5...

Analysis

Marvin Clark
Stocks Off Lows, But Stay Red On Close By Marvin Clark - Apr 23, 2017

U.S. stocks finished lower with financial stocks leading the decline, while an extension of recent losses for crude oil prices also weighed on the energy sector. Traders were likely exercising some ...

Services PMI Discussion

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