Breaking News

Eurozone Services Purchasing Managers Index (PMI)

Latest Release

Dec 16, 2024

Actual

51.4

Forecast

49.5

The Services Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by firms in the services sector throughout the country. A reading above fifty suggests the service sector is expanding, while a reading below fifty suggests the service sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. The service sector is far larger than manufacturing sector and thus accounts for the largest share of the country’s economic output.

A reading that is stronger than forecast is generally supportive (bullish) for the EUR, while a weaker than forecast reading is generally negative (bearish) for the EUR.

Importance:

Country:

Currency: EUR

Source: markit

Release Date	Time	Actual	Forecast	Previous
Dec 16, 2024 (Dec)	10:00	51.4	49.5	49.5
Dec 04, 2024 (Nov)	10:00	49.5	49.2	51.6
Nov 22, 2024 (Nov)	10:00	49.2	51.6	51.6
Nov 06, 2024 (Oct)	10:00	51.6	51.2	51.4
Oct 24, 2024 (Oct)	09:00	51.2	51.5	51.4
Oct 03, 2024 (Sep)	09:00	51.4	50.5	52.9

News

Dollar shows strength; euro retreats ahead of French no-confidence vote By Investing.com - Dec 04, 2024

Investing.com - The US dollar rose Wednesday, while the euro retreated ahead of a vote of no-confidence in France later in the day that is likely to topple the fragile coalition government. At 04:45...

European stocks mostly fall on Middle East tensions; Tesco lifts guidance By Investing.com - Oct 03, 2024

Investing.com - European stock markets mostly fell Thursday as the ongoing conflict in the Middle East weighed on sentiment, ahead of the release of regional economic activity data. At 03:05 ET...

European stocks fall on growth concerns; services PMI in focus By Investing.com - Sep 04, 2024

Investing.com - European stock markets fell Wednesday, following the sharp selloff seen on Wall Street overnight as growth concerns weighed heavily on the market-leading tech giants. At 03:05 ET...

Analysis

EUR/USD Tests Key Barrier at 1.1174 Ahead of Jackson Hole - Breakout in the Cards? By Günay Caymaz - Aug 22, 2024

The EUR/USD pair has surged to its highest level in over a year. The market is now focused on Jerome Powell's upcoming speech alongside some key economic data from the US. In this piece, we'll take...

EUR/JPY: Yen's Resurgence Sparks Freefall - Where Could the Pair Bottom? By Fawad Razaqzada - Jul 24, 2024

The US dollar continued to weaken against the Japanese yen and Swiss franc this morning, but it has gained against other major currencies. The euro, in particular the EUR/JPY pair, has been hit hard...

EUR/USD Hovers Above Key Support Ahead of Key US Data, ECB: How to Trade it By Fawad Razaqzada - Jan 24, 2024

The EUR/USD pushed higher in the first half of Wednesday’s session, boosted by positive signals from the equity markets, as the US dollar eased back against most major currencies.The late...

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