Breaking News

France Services Purchasing Managers Index (PMI)

Latest Release

Dec 16, 2024

Actual

48.2

Forecast

46.9

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, 2024 (Dec)	08:15	48.2	46.9	46.9
Dec 04, 2024 (Nov)	08:50	46.9	45.7	49.2
Nov 22, 2024 (Nov)	08:15	45.7	49.0	49.2
Nov 06, 2024 (Oct)	08:50	49.2	48.3	49.6
Oct 24, 2024 (Oct)	07:15	48.3	49.8	49.6
Oct 03, 2024 (Sep)	07:50	49.6	48.3	55.0

News

European markets mixed; political tensions in France, activity data in focus By Investing.com - Dec 04, 2024

Investing.com -- European markets traded in mixed fashion Wednesday as investors digested regional economic activity data as well as economic turmoil in France. By 07:05 ET (12:05 GMT) Germany's DAX...

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...

Analysis

Political uncertainty weighs on growth By Monex - Oct 24, 2024

Private sector eurozone activity posted a marginal contraction in October, according to the latest flash PMIs. Activity in the UK, by contrast, continued to expand, but at the slowest pace since...

Growth differentials continue to favour GBPEUR upside By Monex - Aug 22, 2024

European economic activity expanded by more than expected in August, according to the latest flash PMI numbers. The composite reading for the bloc rose to 51.2, up from 50.2 in July. Even so, the...

Growth *is still* in focus for FX markets By Monex - Jul 25, 2024

USD The advance reading of US Q2 GDP should be the focus for FX traders today. Market consensus looks for a print of 2.0% QoQ annualised – we are inclined to think that risks are skewed towards a...

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