Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
The typical/expected market impact of this event is low.
The consensus forecast for S&P Global Services PMI is 52.7. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
The most recent announced value for S&P Global Services PMI was 53.2 against a forecast of 52.3.
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:
Country: | Italy |
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Currency: | EUR |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |