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France Services Purchasing Managers Index (PMI)

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France Services Purchasing Managers Index (PMI)

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Latest Release
Jan 06, 2020
Actual
52.4
Forecast
52.4
Previous
52.2
The French Services Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the services sector.

The report is based on surveys of over 300 business executives in private sector services companies.

Data is usually released on the third working day of each month.Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs.

Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month.From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction).

Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
Importance:
Country:
Currency: EUR
Source:
France Services Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Jan 24, 2020 (Jan) 03:15     52.1 52.4
Jan 06, 2020 (Dec) 03:50 52.4 52.4 52.2
Dec 16, 2019 (Dec) 03:15   52.4 52.1 52.2
Dec 04, 2019 (Nov) 03:50 52.2 52.9 52.9
Nov 22, 2019 (Nov) 03:15   52.9 53.0 52.9
Nov 06, 2019 (Oct) 03:50 52.9 52.9 51.1

News

Euro-Area Economy Remains Close to Stagnation in October By Bloomberg - Oct 24, 2019 5

(Bloomberg) -- The euro-area economy stayed at the brink of contraction as manufacturing shrank for a ninth month. IHS Markit’s Composite Purchasing Managers’ Index rose to 50.2 in...

StockBeat - Markets Extend Relief Rally; Banks Lag on ECB Fears By uuzzw.com - Jun 05, 2019 4

By Geoffrey Smith uuzzw.com -- After some hesitation at the opening, Europe’s stock markets rose in early trading Wednesday, extending a relief rally that began on Tuesday when Federal...

StockBeat - Trade, Brexit and PMIs Give Rally New Legs By uuzzw.com - Apr 03, 2019 3

By Geoffrey Smith uuzzw.com -- Europe’s stock markets are heading higher as surveys of the services sector in China and elsewhere raised hopes that the global economy is pulling out of the...

Analysis

China Data Surprises To Upside As EU Manufacturing PMI Disappoints By Marc Chandler - Dec 16, 2019

Overview: Despite better than expected Chinese data, and last week's investor-friendly developments, Asia Pacific equities were mixed. Australia led the advancing bourses with a 1.6% gain, its...

Is Bad News Good News For The Euro? By Boris Schlossberg - Oct 24, 2019

7x彩票网平台Market Drivers October 24, 2019 EZ PMI’s miss All eyes on ECB Nikkei 0.55% Dax 0.60% UST 10Y 1.75% Oil $55/bbl 7x彩票网平台 $1489/oz BTC/USD $7501 Europe and Asia: EZ PMI Manufacturing 45.7 vs 45.7 EZ...

Flash PMIs Disappoint Despite Negative Interest Rates By Marc Chandler - Oct 24, 2019 1

Overview: As the UK awaits the EU's decision on its request, disappointing flash PMI readings Japan, Australia, and Germany have filled the news vacuum. Sweden's Riksbank retained a hawkish...

French Services PMI Discussion

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