Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
⏰ React to the Market Faster with Custom, Real-Time News Get Started
Eurozone Services Purchasing Managers Index (PMI)
Add to Calendar
Latest Release
Mar 03, 2023
Actual52.7
Forecast53.0
Previous50.8
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.
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.
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| Apr 05, 2023 (Mar) | 19:00 | 53.0 | 53.0 | ||
| Mar 24, 2023 (Mar) | 20:00 | 52.5 | 52.7 | ||
| Mar 03, 2023 (Feb) | 20:00 | 52.7 | 53.0 | 50.8 | |
| Feb 21, 2023 (Feb) | 20:00 | 53.0 | 51.0 | 50.8 | |
| Feb 03, 2023 (Jan) | 20:00 | 50.8 | 50.7 | 49.8 | |
| Jan 24, 2023 (Jan) | 20:00 | 50.7 | 50.2 | 49.8 |
News
Crude oil weakens; Fed hike concerns outweigh Chinese optimism
By Investing.com - Mar 04, 2023
By Peter Nurse ECB Interest Rate Decision Investing.com -- Oil prices retreated Friday on fears that inflation remaining at elevated levels will result in the Federal Reserve keeping monetary policy...
European stock futures higher; final services PMI data in focus
By Investing.com - Mar 03, 2023
By Peter Nurse Investing.com - European stock markets are expected to open higher Friday, boosted by gains in Asia and on Wall Street overnight ahead of the release of euro zone services activity...
Dollar bounces as weak tech earnings damp risk appetite
By Investing.com - Feb 03, 2023
By Geoffrey Smith Investing.com -- The dollar traded higher early in Europe on Friday, after weak earnings from three of Silicon Valley's largest companies damped risk appetite more broadly. Amazon...
Analysis
24.01.23 Macro Afternoon
By Chris Becker - Jan 24, 2023
Asian stock markets are all advancing, making good on the solid start to the new trading week absent Chinese markets which remain closed. Wall Street is behind the big lift in risk sentiment with...
Australia dollar firms as oil slumps
By David Llewellyn-Smith - Aug 04, 2022
1
DXY held its gain last night: AUD rose anyway as Taiwan tensions eased:Oil broke. Big downside potential here:If so, metals will go too:And miners Glencore PLC (LON:GLEN):EM stocks (NYSE:EEM) were...
Chart Of The Day: Gold Shines As Recession Fears Mount
By Fawad Razaqzada - Jul 22, 2022
4
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...
Services PMI Discussion
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review