Breaking News

Eurozone Services Purchasing Managers Index (PMI)

Latest Release

Nov 23, 2023

Actual

48.2

Forecast

48.1

47.8

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.

Importance:

Country:

Currency: EUR

Source: markit

Release Date	Time	Actual	Forecast	Previous
Dec 15, 2023 (Dec)	17:00			47.8
Dec 05, 2023 (Nov)	17:00		48.2	47.8
Nov 23, 2023 (Nov)	17:00	48.2	48.1	47.8
Nov 06, 2023 (Oct)	17:00	47.8	47.8	47.8
Oct 24, 2023 (Oct)	16:00	47.8	48.7	48.7
Oct 04, 2023 (Sep)	16:00	48.7	48.4	47.9

News

European stocks higher; PMIs mixed, Nvidia earnings due later By Investing.com - Aug 23, 2023

Investing.com - European stock markets traded higher Wednesday, with investors carefully studying key regional activity data as well as eagerly awaited quarterly earnings from chip maker Nvidia. At...

European stock futures higher; PMI data, Nvidia results in focus By Investing.com - Aug 23, 2023

Investing.com - European stock markets are expected to open higher Wednesday, ahead of the release of key activity data as well as eagerly awaited quarterly earnings from chip maker Nvidia. At 02:00...

European stocks retreat; BOE rate decision in focus By Investing.com - Aug 03, 2023

Investing.com - European stock markets traded sharply lower Thursday, as investors digested more corporate earnings and key economic data ahead of the Bank of England's latest rate decision. At 04:00...

Analysis

How Much Lower Can EUR/USD, GBP/USD Go in Light of Powell's Hawkish Remarks? By Günay Caymaz - Sep 22, 2023

US dollar continues to strengthen on Fed's hawkish stance EUR/USD could continue to head lower on the back of weak data from Eurozone Meanwhile, GBP/USD is now edging closer to support level at 1.22...

Chart Of The Day: Gold Shines As Recession Fears Mount By Fawad Razaqzada - Jul 22, 2022

Gold prints potential reversal candle pattern Yields drop as recession concerns mount Gold may be able to rise towards $1800 Gold is in focus today after Thursday’s bullish price action as fresh...

Week Ahead 21st-25th March: Highlights Include PBoC, Flash PMIs, EU Council By Ryan Anderson - Mar 20, 2022

MON: PBoC LPR, Japan Vernal Equinox Day; German Producer Prices (Feb), US National Activity Index (Feb). TUE: UK PPI (Feb), German Flash PMIs (Mar), US New Home Sales (Feb), EZ Consumer Confidence...

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