EZ Flash Services PMI
Track the EZ Flash Services PMI for early insights into Eurozone services sector activity and economic growth.
Overview
This serves as a primary indicator of Eurozone services sector health. The services sector dominates the Eurozone economy, accounting for roughly 70% of GDP across member states. The Flash release is published about a week before the final PMI and tends to have the most market impact. A reading above 50.0 signals sector expansion, while below 50.0 indicates contraction.
Key Information
What it Measures
Level of a diffusion index based on surveyed purchasing managers in the services sector across the Eurozone.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically has a positive effect on the currency.
Source & Frequency
HCOB and S&P Global (latest release) - https://www.pmi.spglobal.com/ • Released monthly, roughly three weeks into the current month.
How Data is Derived
Survey of purchasing managers across Eurozone member states which asks respondents to rate the relative level of business conditions including new business, employment, prices, and business expectations
Also Known As
HCOB Flash Eurozone Services PMI
Acronym
Purchasing Managers' Index (PMI)