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.

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Most recent - Tuesday 23 April 2024 08:00

51.5

Forecast

51.8

Actual

52.9

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

Next event - Friday 3 May 2024 08:00

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 52.9 against a forecast of 51.8.

Past events

Date

Forecast

Actual

Tuesday 23 April 2024 08:00

51.8

52.9

Thursday 4 April 2024 08:00

51.1

51.5

Thursday 21 March 2024 09:00

50.5

51.1

Tuesday 5 March 2024 09:00

50.2

Thursday 22 February 2024 09:00

48.8

Monday 5 February 2024 09:00

48.4

Wednesday 24 January 2024 09:00

48.4

Thursday 4 January 2024 09:00

48.1

48.8

Friday 15 December 2023 09:00

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

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

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

Friday 24 March 2023 09:00

52.5

55.6

Friday 3 March 2023 09:00

52.7

Tuesday 21 February 2023 09:00

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

48.6

Friday 4 November 2022 09:00

48.2

48.6

Monday 24 October 2022 08:00

48.2

Wednesday 5 October 2022 08:00

50.2

48.8

Friday 23 September 2022 08:00

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

50.6

Tuesday 5 July 2022 08:00

52.8

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

Friday 22 April 2022 08:00

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

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

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

58.3

Wednesday 23 June 2021 08:00

57.5

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

Economic context

Recent economic data has been moderately bullish for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global Services PMI result:

		Previous	Latest
HCOB Composite PMI	Bullish change	50.3	51.4
HCOB Manufacturing PMI	Bearish change	46.1	45.6
HCOB Composite PMI	Bullish change	47.7	50.5
HCOB Manufacturing PMI	Bullish change	41.9	42.2
HCOB Services PMI	Bullish change	50.1	53.3
HCOB Composite PMI	Bullish change	48.3	49.9
HCOB Manufacturing PMI	Bearish change	46.2	44.9
HCOB Services PMI	Bullish change	48.3	50.5
Consumer Confidence	Bullish change	-14.9	-14.7
Producer Price Index (MoM)	Bullish change	-0.4%	0.2%
Producer Price Index (YoY)	Bullish change	-4.1%	-2.9%
Core Harmonized Index of Consumer Prices (MoM)	(no change)	1.1%	1.1%
Core Harmonized Index of Consumer Prices (YoY)	(no change)	2.9%	2.9%
Harmonized Index of Consumer Prices (MoM)	(no change)	0.8%	0.8%
ZEW Survey – Current Situation	Bullish change	-80.5	-79.2
ZEW Survey – Economic Sentiment	Bullish change	31.7	42.9
ZEW Survey – Economic Sentiment	Bullish change	33.5	43.9
Consumer Price Index (EU Norm) (YoY)	Bearish change	1.3%	1.2%
Consumer Price Index (YoY)	Bearish change	1.3%	1.2%
Industrial Production s.a. (MoM)	Bullish change	-3%	0.8%
Harmonized Index of Consumer Prices (YoY)	Bullish change	3.2%	3.3%
Consumer Price Index (EU norm) (YoY)	(no change)	2.4%	2.4%
Harmonized Index of Consumer Prices (MoM)	(no change)	0.6%	0.6%
Harmonized Index of Consumer Prices (YoY)	(no change)	2.3%	2.3%

About S&P Global Services PMI

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

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	Australia		Gross Domestic Product (QoQ)
	Canada		Gross Domestic Product Annualized
	Switzerland		Gross Domestic Product s.a. (QoQ)
	China		Non-Manufacturing PMI
	China		Gross Domestic Product (YoY)
	China		Gross Domestic Product (QoQ)
	China		NBS Manufacturing PMI
	Germany		S&P Global/BME Manufacturing PMI
	Germany		Gross Domestic Product (QoQ)
	Germany		S&P Global/BME Composite PMI
	Eurozone		Gross Domestic Product s.a. (YoY)
	Eurozone		Gross Domestic Product s.a. (QoQ)
	Eurozone		S&P Global Composite PMI
	Japan		Gross Domestic Product (QoQ)
	Japan		Tankan Large Manufacturing Index
	New Zealand		Gross Domestic Product (YoY)
	New Zealand		Gross Domestic Product (QoQ)
	United Kingdom		S&P Global/CIPS Services PMI
	United Kingdom		Gross Domestic Product (QoQ)
	United States		ISM Manufacturing PMI
	United States		Gross Domestic Product Annualized
	United States		Nondefense Capital Goods Orders ex Aircraft
	United States		ISM Services PMI
	United States		Durable Goods Orders
	Australia		S&P Global Manufacturing PMI
	Australia		National Australia Bank's Business Confidence (QoQ)
	Australia		S&P Global Services PMI
	Australia		AiG Industry Index
	Australia		Gross Domestic Product (YoY)
	Canada		Bank of Canada Business Outlook Survey
	Canada		Gross Domestic Product (MoM)
	Canada		Ivey Purchasing Managers Index
	Canada		Ivey Purchasing Managers Index s.a
	Canada		Gross Domestic Product (QoQ)
	Canada		S&P Global Manufacturing PMI
	Switzerland		KOF Leading Indicator
	Switzerland		Industrial Production (YoY)
	Switzerland		Gross Domestic Product (YoY)
	Switzerland		ZEW Survey – Expectations
	China		Industrial Production (YoY)
	China		Caixin Services PMI
	China		Caixin Manufacturing PMI
	Germany		ZEW Survey – Economic Sentiment
	Germany		IFO – Current Assessment
	Germany		IFO – Expectations
	Germany		ZEW Survey – Current Situation
	Germany		IFO – Business Climate
	Germany		S&P Global/BME Services PMI
	Germany		Gross Domestic Product w.d.a (YoY)
	Germany		Gross Domestic Product (YoY)
	Eurozone		ZEW Survey – Economic Sentiment
	Eurozone		S&P Global Manufacturing PMI
	Eurozone		Industrial Production s.a. (MoM)
	Eurozone		Business Climate
	Spain		S&P Global Services PMI
	Spain		S&P Global Manufacturing PMI
	France		S&P Global Manufacturing PMI
	France		S&P Global Composite PMI
	France		Gross Domestic Product (QoQ)
	India		HSBC Services PMI
	India		HSBC Manufacturing PMI
	India		HSBC Composite PMI
	Italy		Gross Domestic Product (YoY)
	Italy		S&P Global Manufacturing PMI
	Italy		Gross Domestic Product (QoQ)
	Italy		S&P Global Services PMI
	Japan		Tankan Large All Industry Capex
	Japan		Tankan Large Manufacturing Outlook
	Japan		Industrial Production (YoY)
	Japan		Gross Domestic Product Annualized
	New Zealand		Business NZ PMI
	New Zealand		NZIER Business Confidence (QoQ)
	Poland		Purchasing Manager Index
	United Kingdom		Manufacturing Production (MoM)
	United Kingdom		S&P Global/CIPS Composite PMI
	United Kingdom		Manufacturing Production (YoY)
	United Kingdom		Gross Domestic Product (MoM)
	United Kingdom		Industrial Production (MoM)
	United Kingdom		Gross Domestic Product (YoY)
	United Kingdom		NIESR GDP Estimate (3M)
	United Kingdom		S&P Global/CIPS Manufacturing PMI
	United States		Durable Goods Orders ex Defense
	United States		S&P Global Manufacturing PMI
	United States		S&P Global Services PMI
	United States		Chicago Fed National Activity Index
	United States		Factory Orders (MoM)
	United States		ISM Services New Orders Index
	United States		ISM Manufacturing New Orders Index
	United States		Philadelphia Fed Manufacturing Survey
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Calendar - S&P Global Services PMI - Eurozone

S&P Global Services PMI

Most recent - Tuesday 23 April 2024 08:00

Next event - Friday 3 May 2024 08:00

Trading range

Trading range after each S&P Global Services PMI event

Forecast history

Past events

Economic context

About S&P Global Services PMI

Related events