Breaking News

France Services Purchasing Managers Index (PMI)

Latest Release

Apr 23, 2024

Actual

50.5

Forecast

48.9

48.3

The French Services Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the services sector.

The report is based on surveys of over 300 business executives in private sector services companies.

Data is usually released on the third working day of each month.Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs.

Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month.From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction).

Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.

Importance:

Country:

Currency: EUR

Source: Markit Economics

Release Date	Time	Actual	Forecast	Previous
May 23, 2024 (May)	03:15			48.3
May 06, 2024 (Apr)	03:50		50.5	48.3
Apr 23, 2024 (Apr)	03:15	50.5	48.9	48.3
Apr 04, 2024 (Mar)	03:50	48.3	47.8	48.4
Mar 21, 2024 (Mar)	04:15	47.8	48.8	48.4
Mar 05, 2024 (Feb)	04:50	48.4	48.0	45.4

News

European stocks higher; PMIs mixed, Nvidia earnings due later By Investing.com - Aug 23, 2023 6

Investing.com - European stock markets traded higher Wednesday, with investors carefully studying key regional activity data as well as eagerly awaited quarterly earnings from chip maker Nvidia. At...

European stocks weaken as manufacturing PMI results disappoint By Investing.com - May 23, 2023 1

Investing.com - European stock markets edged lower Tuesday, with uncertainty surrounding U.S. debt ceiling negotiations weighing as well as disappointing European manufacturing sector surveys. At...

Banks wobble again, Hindenburg hits Block, Eurozone PMIs - what's moving markets By Investing.com - Mar 24, 2023 33

By Geoffrey Smith Investing.com -- Banks are in the spotlight again, with Europe leading the way down after a mystery spike in Federal Reserve lending to other central banks. Payments company Block...

Analysis

Weak Global PMIs Trigger Risk Aversion, Bostic Favors No More Hikes By Ed Moya - Jun 23, 2023

US stocks are sliding as the global growth outlook continues to deteriorate following soft global PMI readings. The risk of a sharper economic downturn is greater for Europe than it is for the US, so...

Economic Activity Cools, Euro Slumps By Alexander Kuptsikevich - Jun 23, 2023 2

The EUR/USD suffered a setback after the June PMIs revealed a slowdown in economic activity. Analysts were caught off guard by the contraction in French services, which dropped from 52.5 to 48.0 - far...

Markets Remain Volatile After Three Major Rate Hikes This Week By Michalis Efthymiou - Dec 16, 2022 1

The EU PMI reports have mainly read higher than the previous month and previously expected figures. The Fed and ECB are more hawkish than the Bank of England, but all opt for a 50 basis point...

HCOB France Services PMI Discussion

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