Preliminary Services PMI in the Eurozone
Eurozone| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The flash estimate of the Services Purchasing Managers' Index (PMI) is an indicator that assesses economic activity in the services sector of the Eurozone. This data is released monthly by IHS Markit and shows initial preliminary figures based on data collected from purchasing managers at businesses.
PMI is calculated based on items such as new orders, production, employment, and inventory, with 50 as the threshold: above 50 indicates economic expansion, while below 50 indicates contraction. The flash estimate helps to quickly grasp the strength of activities in the services sector.
This data serves as crucial reference material for policymakers to evaluate the current economic situation and formulate appropriate policies. It also serves as an important information source for businesses and investors to analyze trends in the services sector and economic outlooks.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
