Breaking News

Eurozone Services Purchasing Managers Index (PMI)

Latest Release

Dec 16, 2024

Actual

51.4

Forecast

49.5

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 16, 2024 (Dec)	20:00	51.4	49.5	49.5
Dec 04, 2024 (Nov)	20:00	49.5	49.2	51.6
Nov 22, 2024 (Nov)	20:00	49.2	51.6	51.6
Nov 06, 2024 (Oct)	20:00	51.6	51.2	51.4
Oct 24, 2024 (Oct)	19:00	51.2	51.5	51.4
Oct 03, 2024 (Sep)	19:00	51.4	50.5	52.9

News

Dollar shows strength; euro retreats ahead of French no-confidence vote By Investing.com - Dec 04, 2024

Investing.com - The US dollar rose Wednesday, while the euro retreated ahead of a vote of no-confidence in France later in the day that is likely to topple the fragile coalition government. At 04:45...

European stocks mostly fall on Middle East tensions; Tesco lifts guidance By Investing.com - Oct 03, 2024

Investing.com - European stock markets mostly fell Thursday as the ongoing conflict in the Middle East weighed on sentiment, ahead of the release of regional economic activity data. At 03:05 ET...

European stocks fall on growth concerns; services PMI in focus By Investing.com - Sep 04, 2024

Investing.com - European stock markets fell Wednesday, following the sharp selloff seen on Wall Street overnight as growth concerns weighed heavily on the market-leading tech giants. At 03:05 ET...

Analysis

EUR/USD Tests Key Barrier at 1.1174 Ahead of Jackson Hole - Breakout in the Cards? By Günay Caymaz - Aug 22, 2024

The EUR/USD pair has surged to its highest level in over a year. The market is now focused on Jerome Powell's upcoming speech alongside some key economic data from the US. In this piece, we'll take...

EUR/JPY: Yen's Resurgence Sparks Freefall - Where Could the Pair Bottom? By Fawad Razaqzada - Jul 25, 2024

The US dollar continued to weaken against the Japanese yen and Swiss franc this morning, but it has gained against other major currencies. The euro, in particular the EUR/JPY pair, has been hit hard...

EUR/USD Hovers Above Key Support Ahead of Key US Data, ECB: How to Trade it By Fawad Razaqzada - Jan 25, 2024

The EUR/USD pushed higher in the first half of Wednesday’s session, boosted by positive signals from the equity markets, as the US dollar eased back against most major currencies.The late...

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