Breaking News

Germany Services Purchasing Managers Index (PMI)

Latest Release

May 24, 2022

Actual

56.3

Forecast

57.2

57.6

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
Jun 03, 2022 (May)	08:55		56.3	56.3
May 24, 2022 (May)	08:30	56.3	57.2	57.6
May 04, 2022 (Apr)	08:55	57.6	57.9	56.1
Apr 22, 2022 (Apr)	08:30	57.9	55.5	56.1
Apr 05, 2022 (Mar)	08:55	56.1	55.0	55.8
Mar 24, 2022 (Mar)	09:30	55.0	53.8	55.8

News

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Analysis

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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