X

S&P Global Services PMI

The PMI service released by the Markit Economics is an indicator of the economic situation in the Euro Zone services sector. It captures an overview of the condition of sales and employment. It is worth noting that the European service sector does not influence, either positively or negatively, the GDP as much as the PMI manufacturing does. Any reading above 50 signals expansion, while a reading under 50 shows contraction. Usually a result above 50 is bullish for the EUR, whereas a result below 50 is seen as bearish.

Most recent - Thursday 22 February 2024 09:00

Previous
48.4
Forecast
48.8
Actual
50

Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Next event - Monday 4 March 2024 09:00

Previous
-
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for S&P Global Services PMI yet - check back for updates.

Trading range

Forecast history

The most recent announced value for S&P Global Services PMI was 50 against a forecast of 48.8.

Past events

Date
Forecast
Actual
Thursday 22 February 2024 09:00
48.8
50
Monday 5 February 2024 09:00
48.4
48.4
Wednesday 24 January 2024 09:00
49
48.4
Thursday 4 January 2024 09:00
48.1
48.8
Friday 15 December 2023 09:00
49
48.1
Tuesday 5 December 2023 09:00
48.2
48.7
Thursday 23 November 2023 09:00
48.1
48.2
Monday 6 November 2023 09:00
47.8
47.8
Tuesday 24 October 2023 08:00
48.7
47.8
Wednesday 4 October 2023 08:00
48.4
48.7
Friday 22 September 2023 08:00
47.7
48.4
Tuesday 5 September 2023 08:00
48.3
47.9
Wednesday 23 August 2023 08:00
50.5
48.3
Thursday 3 August 2023 08:00
51.1
50.9
Monday 24 July 2023 08:00
51.5
51.1
Wednesday 5 July 2023 08:00
52.4
52
Friday 23 June 2023 08:00
54.5
52.4
Monday 5 June 2023 08:00
55.9
55.1
Tuesday 23 May 2023 08:00
55.6
55.9
Thursday 4 May 2023 08:00
56.6
56.2
Friday 21 April 2023 08:00
54.5
56.6
Wednesday 5 April 2023 08:00
55.6
55
Friday 24 March 2023 09:00
52.5
55.6
Friday 3 March 2023 09:00
53
52.7
Tuesday 21 February 2023 09:00
51
53
Friday 3 February 2023 09:00
50.7
50.8
Tuesday 24 January 2023 09:00
50.2
50.7
Wednesday 4 January 2023 09:00
49.1
49.8
Friday 16 December 2022 09:00
48.5
49.1
Monday 5 December 2022 09:00
48.6
48.5
Wednesday 23 November 2022 09:00
48
48.6
Friday 4 November 2022 09:00
48.2
48.6
Monday 24 October 2022 08:00
48.2
48.2
Wednesday 5 October 2022 08:00
50.2
48.8
Friday 23 September 2022 08:00
49
48.9
Monday 5 September 2022 08:00
50.2
49.8
Tuesday 23 August 2022 08:00
50.5
50.2
Wednesday 3 August 2022 08:00
50.6
51.2
Friday 22 July 2022 08:00
52
50.6
Tuesday 5 July 2022 08:00
52.8
53
Thursday 23 June 2022 08:00
55.5
52.8
Friday 3 June 2022 08:00
56.3
56.1
Tuesday 24 May 2022 08:00
57.5
56.3
Wednesday 4 May 2022 08:00
57.7
57.7
Friday 22 April 2022 08:00
55
57.7
Tuesday 5 April 2022 08:00
54.8
55.6
Thursday 24 March 2022 09:00
54.2
54.8
Thursday 3 March 2022 09:00
55.8
55.5
Monday 21 February 2022 09:00
52
55.8
Thursday 3 February 2022 09:00
51.2
51.1
Monday 24 January 2022 09:00
52.2
51.2
Wednesday 5 January 2022 09:00
53.3
53.1
Thursday 16 December 2021 09:00
54.1
53.3
Friday 3 December 2021 09:00
56.6
55.9
Tuesday 23 November 2021 09:00
53.5
56.6
Thursday 4 November 2021 09:00
54.7
54.6
Friday 22 October 2021 08:00
55.5
54.7
Tuesday 5 October 2021 08:00
56.3
56.4
Thursday 23 September 2021 08:00
58.5
56.3
Friday 3 September 2021 08:00
59.7
59
Monday 23 August 2021 08:00
59.8
59.7
Wednesday 4 August 2021 08:00
60.4
59.8
Friday 23 July 2021 08:00
59.5
60.4
Monday 5 July 2021 08:00
58
58.3
Wednesday 23 June 2021 08:00
57.5
58
Thursday 3 June 2021 08:00
55.1
55.2
Friday 21 May 2021 08:00
52.3
55.1
Wednesday 5 May 2021 08:00
50.3
50.5
Friday 23 April 2021 08:00
49.1
50.3
Wednesday 7 April 2021 08:00
48.8
49.6
Wednesday 24 March 2021 09:00
46
48.8
Wednesday 3 March 2021 09:00
44.7
45.7

Economic context

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:

PreviousLatest
Harmonized Index of Consumer Prices (MoM)Bullish change-0.4%0.6%
Core Harmonized Index of Consumer Prices (YoY)Bearish change3.3%3.1%
Core Harmonized Index of Consumer Prices (MoM)Bullish change-0.9%0.7%
Harmonized Index of Consumer Prices (YoY)Bearish change2.8%2.6%
Consumer Price Index (YoY)(no change)0.8%0.8%
Consumer Price Index (EU Norm) (YoY)(no change)0.9%0.9%
Unemployment RateBullish change6.5%6.4%
HCOB Manufacturing PMIBullish change42.342.5
HCOB Manufacturing PMIBullish change48.548.7
HCOB Manufacturing PMIBullish change49.251.5
Consumer Price Index (MoM)Bullish change0.2%0.4%
Harmonized Index of Consumer Prices (YoY)Bearish change3.1%2.7%
Consumer Price Index (YoY)Bearish change2.9%2.5%
Harmonized Index of Consumer Prices (MoM)Bullish change-0.2%0.6%
Unemployment ChangeBearish change-2K11K
Unemployment Rate s.a.Bearish change5.8%5.9%
Harmonized Index of Consumer Prices (YoY)Bearish change3.5%2.9%
Consumer Price Index (EU norm) (YoY)Bearish change3.4%3.1%
Retail Sales (MoM)Bullish change-1.6%-0.4%
Retail Sales (YoY)Bullish change-1.7%-1.4%
Economic Sentiment IndicatorBearish change96.195.4
Consumer Confidence(no change)-15.5-15.5
Business Climate(no change)-0.42-0.42
Gfk Consumer Confidence SurveyBullish change-29.6-29
IFO – Business ClimateBullish change85.285.5
IFO – Current Assessment(no change)86.986.9
IFO – ExpectationsBullish change83.584.1
Gross Domestic Product (YoY)(no change)-0.2%-0.2%
Gross Domestic Product (QoQ)(no change)-0.3%-0.3%
Gross Domestic Product w.d.a (YoY)(no change)-0.4%-0.4%
Core Harmonized Index of Consumer Prices (YoY)(no change)3.3%3.3%
Core Harmonized Index of Consumer Prices (MoM)(no change)-0.9%-0.9%
Harmonized Index of Consumer Prices (MoM)(no change)-0.4%-0.4%
HCOB Manufacturing PMIBearish change46.646.1
HCOB Composite PMIBullish change47.948.9
Consumer Price Index (EU Norm) (YoY)(no change)0.9%0.9%
Consumer Price Index (YoY)(no change)0.8%0.8%
HCOB Services PMIBullish change47.748.2
HCOB Manufacturing PMIBearish change45.542.3
HCOB Composite PMIBearish change4746.1
HCOB Manufacturing PMIBullish change43.146.8
HCOB Services PMIBullish change45.448
HCOB Composite PMIBullish change44.647.7
Consumer ConfidenceBullish change-16.1-15.5

About S&P Global Services PMI

Country:Eurozone
Currency:EUR
Source:IHS Markit
Category:Economic Activity
Frequency:Monthly

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