Breaking News

France Services Purchasing Managers Index (PMI)

Latest Release

Nov 23, 2022

Actual

49.4

Forecast

50.6

51.7

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
Dec 16, 2022 (Dec)	08:15		50.6	51.7
Dec 05, 2022 (Nov)	08:50		49.4	49.4
Nov 23, 2022 (Nov)	08:15	49.4	50.6	51.7
Nov 04, 2022 (Oct)	08:50	51.7	51.3	52.9
Oct 24, 2022 (Oct)	07:15	51.3	51.5	52.9
Oct 05, 2022 (Sep)	07:50	52.9	53.0	51.2

News

Eurozone Composite PMI Falls to 48.2 in September - S&P Global By Investing.com - Sep 23, 2022

By Scott Kanowsky Investing.com -- A downturn in Eurozone business activity deepened in September, sliding to its lowest mark in 20 months, as pressure on companies from soaring inflation...

French services sector ekes out growth in August - PMI By Reuters - Sep 05, 2022

PARIS (Reuters) - France's dominant services sector lost more steam in August, and the outlook among purchasing managers appears bleak, a survey showed on Monday. S&P Global (NYSE:SPGI) said its final...

Eurozone Business Activity Contracts for First Time Since February 2021 - PMIs By Investing.com - Jul 22, 2022

By Scott Kanowsky Investing.com -- Eurozone business activity slumped into contraction territory in July, dragged lower by a quickening slowdown in manufacturing and near-stagnant growth in services,...

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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