The typical/expected impact on EUR pairs is medium.
The consensus forecast for S&P Global Services PMI is 50.8. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.
The most recent announced value for S&P Global Services PMI was 51.2 against a forecast of 51.4.
Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global Services PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Consumer Confidence | Bearish change | -16.5 | -17.9 | ||
| ZEW Survey – Current Situation | Bullish change | -47.1 | -35.9 | ||
| ZEW Survey – Economic Sentiment | Bearish change | 34.7 | 28.1 | ||
| ZEW Survey – Economic Sentiment | Bearish change | 25.8 | 18.5 | ||
| Producer Price Index (MoM) | Bullish change | 1.1% | 1.9% | ||
| Producer Price Index (YoY) | Bullish change | 4.6% | 6.7% | ||
| Core Harmonized Index of Consumer Prices (MoM) | (no change) | 0.2% | 0.2% | ||
| Core Harmonized Index of Consumer Prices (YoY) | (no change) | 2.5% | 2.5% | ||
| Harmonized Index of Consumer Prices (MoM) | (no change) | 0.6% | 0.6% | ||
| Consumer Price Index (EU Norm) (YoY) | Bullish change | 4.1% | 4.2% | ||
| Consumer Price Index (YoY) | (no change) | 4.2% | 4.2% | ||
| Industrial Production s.a. (MoM) | Bearish change | -0.3% | -0.5% | ||
| Consumer Price Index (EU norm) (YoY) | (no change) | 3.4% | 3.4% | ||
| Harmonized Index of Consumer Prices (YoY) | (no change) | 5% | 5% | ||
| Harmonized Index of Consumer Prices (MoM) | (no change) | 0.6% | 0.6% | ||
| Harmonized Index of Consumer Prices (YoY) | (no change) | 3.3% | 3.3% |
| Country: | France |
|---|---|
| Currency: | EUR |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |