Breaking News

France Services Purchasing Managers Index (PMI)

Latest Release

Sep 22, 2023

Actual

43.9

Forecast

46.0

The Services Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by firms in the services sector throughout the country. A reading above fifty suggests the service sector is expanding, while a reading below fifty suggests the service sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. The service sector is far larger than manufacturing sector and thus accounts for the largest share of the country’s economic output.

A reading that is stronger than forecast is generally supportive (bullish) for the EUR , while a weaker than forecast reading is generally negative (bearish) for the EUR.

Importance:

Country:

Currency: EUR

Source: Markit Economics

Release Date	Time	Actual	Forecast	Previous
Oct 04, 2023 (Sep)	08:50		43.9	46.0
Sep 22, 2023 (Sep)	08:15	43.9	46.0	46.0
Sep 05, 2023 (Aug)	08:50	46.0	46.7	47.1
Aug 23, 2023 (Aug)	08:15	46.7	47.5	47.1
Aug 03, 2023 (Jul)	08:50	47.1	47.4	48.0
Jul 24, 2023 (Jul)	08:15	47.4	48.4	48.0

News

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

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...

France's services sector contracts in July by more than first thought-PMI By Reuters - Aug 03, 2023

By Sudip Kar-Gupta PARIS (Reuters) - France's services sector contracted by a bit more than first forecast in July, according to a survey, as fall in new orders weighed on businesses in the euro...

5 things to watch today By Investing.com - Aug 03, 2023

Investing.com - Today the Bank of England announces its interest rate decision. We are still in the middle of the corporate earnings season. The Brent rises. Cryptocurrencies move lower this...

Analysis

The Week Ahead: U.S. Jobs; RBA Rate Decision; J Sainsbury, Persimmon Results By Michael Hewson - Jul 03, 2022

The closely watched US jobs report, due out on Friday 8 July, is expected to show that the world’s largest economy added 300,000 non-farm payrolls in June. Beyond that headline figure, attention...

The Week Ahead: U.S. Jobs; Bank Of Canada Rate Decision By Michael Hewson - May 29, 2022

Friday’s US jobs report is expected to show that 350,000 non-farm payrolls were added in May, supporting the Fed’s plans for further interest rate hikes to tame inflation. UK markets will...

U.K. Public Sector Borrowing And Flash PMIs In Focus By Michael Hewson - May 24, 2022

We saw a strong start to the trading week for European markets yesterday, with decent gains across the board, however before one gets too bullish, yesterday’s moves kept us below the highest...

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