Breaking News

Spain Services Purchasing Managers Index (PMI)

Latest Release

Nov 06, 2024

Actual

54.9

Forecast

56.6

57.0

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 Finacial Information Se...

Release Date	Time	Actual	Forecast	Previous
Dec 04, 2024 (Nov)	08:15			54.9
Nov 06, 2024 (Oct)	08:15	54.9	56.6	57.0
Oct 03, 2024 (Sep)	07:15	57.0	54.0	54.6
Sep 04, 2024 (Aug)	07:15	54.6	54.8	53.9
Aug 05, 2024 (Jul)	07:15	53.9	56.2	56.8
Jul 03, 2024 (Jun)	07:15	56.8	56.5	56.9

News

European stocks lower; weak Chinese data sets scene for European disappointment By Investing.com - Sep 05, 2023

Investing.com - European stock markets traded lower Tuesday, weighed by Chinese economic weakness ahead of the release of the final business activity data for the region. At 03:25 ET (07:25 GMT), the...

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...

Eurozone composite PMI hits 10-month high but falls short of expectations By Investing.com - Apr 05, 2023

By Geoffrey Smith Investing.com -- The Eurozone economy was less dynamic than first thought in March, although it still likely grew at the fastest rate in 10 months, according to a closely watched...

Analysis

4 Reasons Why The Bear Market May Not Be Over Yet By Ismael De La Cruz - Oct 06, 2022 2

The S&P 500 is off to its best start to a Q4 in history However, the main reasons behind the rally appear to be short-term in nature Earnings, interest rates, recession risks, and the European...

Fed Expected To Raise Rates By 50bps, But Guidance Is Expected To Be Key By Michael Hewson - May 04, 2022

After a disappointing start to the week, European markets rebounded yesterday, while the return of the UK market saw the FTSE100 eke out a small gain largely down to a solid performance from BP...

Services PMIs In Focus As RBA Brings Forward Its Rate Hike Timeline By Michael Hewson - Apr 05, 2022

European markets got off to a cautious start to the week, finishing higher despite talk of tougher sanctions in response to reported Russian atrocities in Bucha, just outside Kyiv.US markets also...

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Manas Goldenmice Sep 03, 2014 7:49

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