EUR Flash Services PMI
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Jun 2007, is the earliest and thus tends to have the most impact;
- EUR Flash Services PMI Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 21, 2024 | 52.6 | 53.5 | 53.2 |
May 23, 2024 | 53.3 | 53.6 | 53.3 |
Apr 23, 2024 | 52.9 | 51.8 | 51.5 |
Mar 21, 2024 | 51.1 | 50.5 | 50.2 |
Feb 22, 2024 | 50.0 | 48.8 | 48.4 |
Jan 24, 2024 | 48.4 | 49.1 | 48.8 |
Dec 15, 2023 | 48.1 | 49.0 | 48.7 |
Nov 23, 2023 | 48.2 | 48.0 | 47.8 |
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- EUR Flash Services PMI News
- From pmi.spglobal.com|Jun 21, 2024
The eurozone’s economic recovery suffered a setback at the end of the second quarter of the year, according to provisional PMI® survey data. New orders decreased for the first time in four months, feeding through to softer expansions in business activity and employment. Meanwhile, business confidence dipped to the lowest since February. Rates of input cost and output price inflation eased to six- and eight-month lows respectively. The slowdown in growth of business activity seen in June was reflective of a softer expansion in the ...
- From xm.com|Jun 14, 2024
The Reserve Bank of Australia will keep the central bank theme going on Tuesday when it meets for its June policy decision. Like their global peers, RBA policymakers had been hoping that their job was going to get a lot easier this year. But a muddy economic picture and sticky inflation have complicated the policy path. Inflation has been gradually edging higher all year, with the monthly CPI reading ticking up to 3.6% y/y in April, reversing some of the sharp drop seen in 2023. Meanwhile, the labour market appears to be tightening ...
- From pmi.spglobal.com|May 23, 2024
The economic recovery in the eurozone gained momentum in May, according to provisional PMI survey data. Faster increases in business activity, new orders and employment were all recorded midway through the second quarter, while business confidence hit a 27-month high. Meanwhile, rates of inflation of both input costs and output prices softened from April, but remained above pre-pandemic averages in each case. Growth continued to be centred on the services sector, but manufacturing production neared stabilisation in May, falling only ...
- From xm.com|May 17, 2024
Will CPI report bring BoC nearer to a rate cut? Inflation data will dominate the economic agenda once again in the coming week as CPI numbers are due in Canada, Japan and the United Kingdom. The Canadian figures are up first on Tuesday. Prior to that, it will be an unusually quiet start to the week as several markets will be closed on Monday. Price pressures appear to be on the wane again in Canada after the downward trend in the various CPI metrics flatlined in the second half of 2023. The underlying gauges – CPI trim, median and ...
- From think.ing.com|Apr 23, 2024|1 comment
The eurozone economy is slowly getting out of its slump. The April PMI shows that the economy is gearing up for an acceleration in activity after a year and a half of broad stagnation. The services sector is doing the heavy lifting in this acceleration of activity. The manufacturing sector continues to signal declining output, although there are some visible signs of bottoming out. Still, expect services to continue to lead the recovery as weak global demand offsets improvements in domestic real wages for eurozone manufacturers. ...
- From pmi.spglobal.com|Apr 23, 2024
Business activity in the euro area grew at the fastest rate for nearly a year in April, according to provisional PMI® survey data. The improvement indicates that the region continues to pull out of the recent downturn, albeit growing only modestly amid divergent sector performances. Increasingly robust service sector growth was nevertheless accompanied by signs of a further moderation of the manufacturing downturn. Jobs growth also accelerated as business confidence remained elevated by recent standards. Especially solid growth ...
- From marctomarket.com|Mar 21, 2024
The Federal Reserve triggered a dollar sell-off yesterday and follow-through selling was seen in Asia before profit-taking emerged. That created a new dollar selling opportunity in early European turnover. The FOMC revised up this year's growth forecast, shaved the unemployment projection, and while maintaining the PCE deflator forecast, and the median dot remained for three cuts this year. The soft-landing scenario was underscored and excited risk appetites. The G10 currencies are mixed ahead of the North American open. The Swiss ...
- From pmi.spglobal.com|Mar 21, 2024
Business activity in the euro area came close to stabilising in March, as provisional PMI® survey data registered only a marginal decline in output of goods and services. A modest recovery of service sector output gained momentum, accompanied by a softening in the rate of manufacturing output decline. However, ongoing falls in output in France and Germany offset a gathering upturn in the rest of the eurozone to point to an uneven economic picture. Encouragingly, order books fell at a reduced rate and business confidence about the ...
Released on Jun 21, 2024 |
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Released on May 23, 2024 |
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Released on Apr 23, 2024 |
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Released on Mar 21, 2024 |
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