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France Services Purchasing Managers Index (PMI)

Latest Release

Jun 23, 2022

Actual

54.4

Forecast

57.6

58.3

The French 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 Economics

Release Date	Time	Actual	Forecast	Previous
Jul 05, 2022 (Jun)	17:50		58.4	54.4
Jun 23, 2022 (Jun)	17:15	54.4	57.6	58.3
Jun 03, 2022 (May)	17:50	58.3	58.4	58.4
May 24, 2022 (May)	17:15	58.4	58.6	58.9
May 04, 2022 (Apr)	17:50	58.9	58.8	57.4
Apr 22, 2022 (Apr)	17:15	58.8	56.5	57.4

News

Flash PMI: Eurozone Business Activity Slides in June, Hitting 16-Month Low By Investing.com - Jun 23, 2022

By Scott Kanowsky Investing.com -- Business activity in the eurozone slid to its lowest level in 16 months in June, as soaring inflation and rising interest rates took a bite out of demand and soured...

European Stocks Lower; PMI Data, Powell's Testimony Weigh By Investing.com - Jun 23, 2022

By Peter Nurse Investing.com - European stock markets weakened Thursday, with risk sentiment fragile given mounting fears of a global recession in the wake of aggressive interest rate hikes by the...

Flash PMI: French Services Sector Shrinks To 5-Month Low in June By Investing.com - Jun 23, 2022

By Scott Kanowsky Investing.com -- Business activity in France's key services sector shrank to a five-month low in June as soaring inflation sparked fears of a global economic slowdown, according to...

Analysis

Chart Of The Day: Is The Euro's Uptrend Over? By Fawad Razaqzada - Aug 21, 2020

This article was written exclusively for Investing.com. The EUR/USD has fallen back this morning, as fresh PMI data from the Eurozone suggests the resurgences of coronavirus cases in parts of Europe...

Chart Of The Day: DAX Bulls Ready For Breakout Towards All-Time Highs By Fawad Razaqzada - Jul 03, 2020

It has been a good few days for risk and as another week draws to a close, the major stock indices are looking quite bullish, despite ongoing concerns over the coronavirus situation in the US....

FX Outlook: We’re Watching Euro And Central-Bank Speak By Kathy Lien - Sep 24, 2019

Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Daily FX Market Roundup Sept 23, 2019 FX traders should be watching the euro and central-bank speak this week. One of the most...

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