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S&P Global Services PMI

The Services PMI released by the Markit Economics is an indicator of the economic situation in Italian services sector. It captures an overview of the condition of sales and employment. Any reading above 50 signals expansion, while a reading under 50 shows contraction. Usually, a result above 50 is bullish for the Euro, whereas a result below 50 is seen as bearish.

Most recent - Thursday 4 April 2024 07:45

Previous
52.2
Forecast
53.2
Actual
54.6

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

Next event - Monday 6 May 2024 07:45

Previous
54.6
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 54.6 against a forecast of 53.2.

Past events

Date
Forecast
Actual
Thursday 4 April 2024 07:45
53.2
54.6
Tuesday 5 March 2024 08:45
52.3
52.2
Monday 5 February 2024 08:45
50.8
51.2
Thursday 4 January 2024 08:45
49.8
49.8
Tuesday 5 December 2023 08:45
48.2
49.5
Monday 6 November 2023 08:45
48.5
47.7
Wednesday 4 October 2023 07:45
50
49.9
Tuesday 5 September 2023 07:45
50.2
49.8
Thursday 3 August 2023 07:45
52.2
51.5
Wednesday 5 July 2023 07:45
-
52.2
Monday 5 June 2023 07:45
53.7
54
Thursday 4 May 2023 07:45
56.5
57.6
Wednesday 5 April 2023 07:45
53.2
55.7
Friday 3 March 2023 08:45
53.1
51.6
Friday 3 February 2023 08:45
51
51.2
Wednesday 4 January 2023 08:45
49.5
49.9
Monday 5 December 2022 08:45
48.3
49.5
Friday 4 November 2022 08:45
48.5
46.4
Wednesday 5 October 2022 07:45
49.2
48.8
Monday 5 September 2022 07:45
48.3
50.5
Wednesday 3 August 2022 07:45
50.1
48.4
Tuesday 5 July 2022 07:45
51.5
51.6
Friday 3 June 2022 07:45
54.5
53.7
Wednesday 4 May 2022 07:45
54.5
55.7
Tuesday 5 April 2022 07:45
51.5
52.1
Thursday 3 March 2022 08:45
52.5
52.8
Thursday 3 February 2022 08:45
50
48.5
Wednesday 5 January 2022 08:45
54
53
Friday 3 December 2021 08:45
54.8
55.9
Thursday 4 November 2021 08:45
54.5
52.4
Tuesday 5 October 2021 07:45
56.5
55.5
Friday 3 September 2021 07:45
58.5
58
Wednesday 4 August 2021 07:45
58.3
58
Monday 5 July 2021 07:45
56
56.7
Thursday 3 June 2021 07:45
52.5
53.1
Wednesday 5 May 2021 07:45
49.8
47.3

Economic context

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

PreviousLatest
IFO – Business ClimateBullish change87.989.4
IFO – Current AssessmentBullish change88.188.9
IFO – ExpectationsBullish change87.789.9
HCOB Composite PMIBullish change50.351.4
HCOB Manufacturing PMIBearish change46.145.6
HCOB Services PMIBullish change51.552.9
HCOB Composite PMIBullish change47.750.5
HCOB Manufacturing PMIBullish change41.942.2
HCOB Services PMIBullish change50.153.3
HCOB Composite PMIBullish change48.349.9
HCOB Manufacturing PMIBearish change46.244.9
HCOB Services PMIBullish change48.350.5
Consumer ConfidenceBullish 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 SituationBullish change-80.5-79.2
ZEW Survey – Economic SentimentBullish change31.742.9
ZEW Survey – Economic SentimentBullish change33.543.9
Consumer Price Index (EU Norm) (YoY)Bearish change1.3%1.2%
Consumer Price Index (YoY)Bearish change1.3%1.2%
Industrial Production s.a. (MoM)Bullish change-3%0.8%
Harmonized Index of Consumer Prices (YoY)Bullish change3.2%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:Italy
Currency:EUR
Source:IHS Markit
Category:Economic Activity
Frequency:Monthly

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