Search Icon
FXEMPIRE
icon
Advertisement
Advertisement

Search Indicator:

Choose Country
icon
Choose Indicator
icon

Euro Area Services PMI

Last Release
Nov 30, 2023
Actual
48.7
Units In
Points
Previous
47.8
Frequency
Monthly
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
59.8
Jul 2021
12
Apr 2020
51.53 Points2007-2023Markit Economics
The Eurozone Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of around 2,000 private service sector firms. National services data are included for Germany, France, Italy, Spain and the Republic of Ireland. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining.

Latest Updates

The HCOB Eurozone Services PMI was revised higher to 48.7 in November 2023 from a preliminary of 48.2, compared to 47.8 in October. The reading continued to point to a continuation of the service sector’s decline in activity that has been ongoing since August. New business continued to decline although at the slowest pace for three months. Meanwhile, the drag on activity from falling new business was once again partially alleviated by backlogs of work, which fell further. Inflation remained persistent across the eurozone services economy, with rates of increase in both input costs and output prices edging higher on the month. Lastly, business confidence resumed the downward trend seen throughout most of 2023 so far. Firms’ growth expectations for the year ahead were weak by historical standards.

Euro Area Services PMI History

Last 12 readings

Trade With A Regulated Broker