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Eurozone Services Purchasing Managers Index (PMI)

Latest Release

Jun 23, 2022

Actual

52.8

Forecast

55.5

56.1

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
Jul 05, 2022 (Jun)	18:00		56.3	52.8
Jun 23, 2022 (Jun)	18:00	52.8	55.5	56.1
Jun 03, 2022 (May)	18:00	56.1	56.3	56.3
May 24, 2022 (May)	18:00	56.3	57.5	57.7
May 04, 2022 (Apr)	18:00	57.7	57.7	55.6
Apr 22, 2022 (Apr)	18:00	57.7	55.0	55.6

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 Stock Futures Slip Lower; Powell Adds to Recession Concerns By Investing.com - Jun 23, 2022

By Peter Nurse Investing.com - European stock markets are expected to open lower Thursday, with risk sentiment fragile given mounting fears that aggressive interest rate hikes by the Federal Reserve...

Look Out For the U.S. Employment Report: 5 Key Stock Market Indicators This Friday By Investing.com - Jun 03, 2022

By Laura Sanchez Investing.com - Investors today are keeping an eye on US employment data, one of the thermometers, along with inflation, used by the US Federal Reserve (Fed) to gauge the health of...

Analysis

Australian dollar shoved to PMI cliff By David Llewellyn-Smith - Jun 24, 2022 1

DXY was firm overnight: AUD is right at the edge of a cliff:Oil fell again:As metals puked: Miners (LON:GLEN) followed:EM stocks (NYSE:EEM) held on:But junk (NYSE:HYG) is pointing it all...

Australia dollar opens trap door to recession By David Llewellyn-Smith - Jun 23, 2022 2

DXY was all over the place last night: AUD was weak and wants to test the recent lows:Oil broke:Metals too. Copper took out critical support:Miners (LON:GLEN) are in free fall:EM stocks (NYSE:EEM)...

Australian dollar greets Albo with a cheer By David Llewellyn-Smith - May 24, 2022

DXY was hammered overnight and that reversed all recent trends: {[5|AUD}} up with all things commodities and EM (NYSE:EEM): However, it is still not led by credit (NYSE:HYG) which is sign that...

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