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Spain Services Purchasing Managers Index (PMI)

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Spain Services Purchasing Managers Index (PMI)

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Status

 
Latest Release
Dec 03, 2021
Actual
59.8
Forecast
58.8
Previous
56.6
The Spanish 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 Finacial Information Se...
Spain Services Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Dec 03, 2021 (Nov) 03:15 59.8 58.8 56.6
Nov 04, 2021 (Oct) 03:15 56.6 55.8 56.9
Oct 05, 2021 (Sep) 02:15 56.9 58.0 60.1
Sep 03, 2021 (Aug) 02:15 60.1 61.5 61.9
Aug 04, 2021 (Jul) 02:15 61.9 63.0 62.5
Jul 05, 2021 (Jun) 02:15 62.5 60.6 59.4

News

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Spanish services PMI 58.3 vs. 56.5 forecast
Spanish services PMI 58.3 vs. 56.5 forecast By Investing.com - Jul 05, 2017

Investing.com - Service sector activity in Spain rose unexpectedly last month, industry data showed on Wednesday.In a report, Markit Finacial Information Services said that Spanish services PMI rose...

Analysis

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Spanish Services PMI Discussion

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All Comments (5)
Dinesh Bist
Dinesh Bist Feb 04, 2015 3:44AM ET
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down
Dinesh Bist
Dinesh Bist Feb 04, 2015 3:39AM ET
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after this report euro should be up, but why it is down? can anybody expalin me?.
Dinesh Bist
Dinesh Bist Feb 04, 2015 3:38AM ET
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after this report it euro should be up, but why it is down? can anyone explain?
Vic Mayor
Vic Mayor Feb 04, 2015 3:38AM ET
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Floods in France and Germany, terrorists detained in Dusseldorf yesterday, Strikes in France continue... this kpi is not "famous" enough to influence the EUR/USD ratio.
Dilina Sandika
Dilina Sandika Oct 02, 2014 11:30PM ET
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up.
Ankit Gupta
Ankit Gupta Sep 02, 2014 1:57PM ET
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EUR/USD and GBP/USD when it will come up.. can any one Guide.
help me
help me Sep 02, 2014 1:57PM ET
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i have ni idea .
Rashad Aliyev
FXBAKUrashadali Sep 02, 2014 1:57PM ET
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I think the effect of of FED's decision to increase interest rate is still actual. In spite of good news they keep buying us dollar. .
 
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