S&P Global Services PMI

The Services Purchasing Managers Index (PMI) released by Markit Economics captures business conditions in the services sector. As the services sector dominates a large part of total GDP, the services PMI is an important indicator of the overall economic condition in France. A result above 50 signals is bullish for the Euro, whereas a result below 50 is seen as bearish.

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Most recent - Tuesday 5 December 2023 08:50

45.3

Forecast

45.3

Actual

45.4

Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Next event - Friday 15 December 2023 08:15

45.4

Forecast

Actual

The typical/expected impact on EUR pairs is medium.

The consensus forecast for S&P Global Services PMI is 46. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Trading range

Forecast history

The most recent announced value for S&P Global Services PMI was 45.4 against a forecast of 45.3.

Past events

Date

Forecast

Actual

Tuesday 5 December 2023 08:50

45.3

45.4

Thursday 23 November 2023 08:15

45.6

45.3

Monday 6 November 2023 08:50

46.1

45.2

Tuesday 24 October 2023 07:15

44.6

46.1

Wednesday 4 October 2023 07:50

43.9

44.4

Friday 22 September 2023 07:15

43.9

Tuesday 5 September 2023 07:50

46.7

Wednesday 23 August 2023 07:15

47.5

46.7

Thursday 3 August 2023 07:50

47.4

47.1

Monday 24 July 2023 07:15

48.4

47.4

Wednesday 5 July 2023 07:50

Friday 23 June 2023 07:15

Monday 5 June 2023 07:50

52.8

52.5

Tuesday 23 May 2023 07:15

54.2

52.8

Thursday 4 May 2023 07:50

56.3

54.6

Friday 21 April 2023 07:15

53.4

56.3

Wednesday 5 April 2023 07:50

55.5

53.9

Friday 24 March 2023 08:15

52.5

55.5

Friday 3 March 2023 08:50

52.8

53.1

Tuesday 21 February 2023 08:15

49.9

52.8

Friday 3 February 2023 08:50

49.2

49.4

Tuesday 24 January 2023 08:15

49.9

49.2

Wednesday 4 January 2023 08:50

48.1

49.5

Friday 16 December 2022 08:15

49.1

48.1

Monday 5 December 2022 08:50

49.4

49.3

Wednesday 23 November 2022 08:15

50.6

49.4

Friday 4 November 2022 08:50

51.3

51.7

Monday 24 October 2022 07:15

51.5

51.3

Wednesday 5 October 2022 07:50

52.9

Friday 23 September 2022 07:15

50.5

Monday 5 September 2022 07:50

51.2

Tuesday 23 August 2022 07:15

Wednesday 3 August 2022 07:50

52.1

53.2

Friday 22 July 2022 07:15

52.7

52.1

Tuesday 5 July 2022 07:50

54.4

53.9

Thursday 23 June 2022 07:15

57.6

54.4

Friday 3 June 2022 07:50

58.4

58.3

Tuesday 24 May 2022 07:15

58.6

58.4

Wednesday 4 May 2022 07:50

58.8

58.9

Friday 22 April 2022 07:15

56.5

58.8

Tuesday 5 April 2022 07:50

57.4

Thursday 24 March 2022 08:15

57.4

Thursday 3 March 2022 08:50

57.9

55.5

Monday 21 February 2022 08:15

53.6

57.9

Thursday 3 February 2022 08:50

53.1

Monday 24 January 2022 08:15

55.3

53.1

Wednesday 5 January 2022 08:50

57.1

Thursday 16 December 2021 08:15

57.1

Friday 3 December 2021 08:50

58.2

57.4

Tuesday 23 November 2021 08:15

58.2

Thursday 4 November 2021 08:50

56.6

Friday 22 October 2021 07:15

55.5

56.6

Tuesday 5 October 2021 07:50

56.2

Thursday 23 September 2021 07:15

Friday 3 September 2021 07:50

56.4

56.3

Monday 23 August 2021 07:15

56.4

Wednesday 4 August 2021 07:50

56.8

Friday 23 July 2021 07:15

58.7

Monday 5 July 2021 07:50

57.4

57.8

Wednesday 23 June 2021 07:15

59.4

57.4

Thursday 3 June 2021 07:50

56.6

Friday 21 May 2021 07:15

56.6

Wednesday 5 May 2021 07:50

50.4

50.3

Friday 23 April 2021 07:15

46.5

50.4

Wednesday 7 April 2021 07:50

47.8

48.2

Wednesday 24 March 2021 08:15

45.5

47.8

Wednesday 3 March 2021 08:50

43.6

45.6

Friday 19 February 2021 08:15

43.6

Wednesday 3 February 2021 08:50

46.5

47.3

Friday 22 January 2021 08:15

48.5

46.5

Wednesday 6 January 2021 08:50

49.2

49.1

Wednesday 16 December 2020 08:15

49.2

Economic context

Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global Services PMI result:

		Previous	Latest
Harmonized Index of Consumer Prices (MoM)	(no change)	-0.7%	-0.7%
Harmonized Index of Consumer Prices (YoY)	(no change)	2.3%	2.3%
Employment Change (QoQ)	Bullish change	0.1%	0.2%
Gross Domestic Product s.a. (QoQ)	(no change)	-0.1%	-0.1%
Gross Domestic Product s.a. (YoY)	Bearish change	0.1%	0%
Industrial Production n.s.a. w.d.a. (YoY)	Bullish change	-3.6%	-3.5%
Industrial Production s.a. (MoM)	Bullish change	-1.3%	-0.4%
Retail Sales (MoM)	Bullish change	-0.1%	0.1%
Retail Sales (YoY)	Bullish change	-2.9%	-1.2%
Factory Orders n.s.a. (YoY)	Bearish change	-4.3%	-7.3%
Factory Orders s.a. (MoM)	Bearish change	-0.5%	-3.7%
Producer Price Index (MoM)	Bearish change	0.5%	0.2%
Producer Price Index (YoY)	Bullish change	-12.4%	-9.4%
HCOB Composite PMI	Bullish change	47.1	47.6
HCOB Composite PMI	Bullish change	47.1	47.8
HCOB Services PMI	Bullish change	48.7	49.6
HCOB Services PMI	Bullish change	47.7	49.5
HCOB Services PMI	Bearish change	51.1	51
Sentix Investor Confidence	Bullish change	-18.6	-16.8
Trade Balance s.a.	Bullish change	€16.7B	€17.8B
Gross Domestic Product (QoQ)	Bullish change	0%	0.1%
Gross Domestic Product (YoY)	Bullish change	0%	0.1%
HCOB Manufacturing PMI	Bullish change	42.3	42.6
HCOB Manufacturing PMI	Bearish change	44.9	44.4
HCOB Manufacturing PMI	Bullish change	45.1	46.3
Consumer Price Index (EU Norm) (YoY)	Bearish change	1.8%	0.7%
Consumer Price Index (YoY)	Bearish change	1.7%	0.8%
Core Harmonized Index of Consumer Prices (MoM)	Bearish change	0.2%	-0.6%
Core Harmonized Index of Consumer Prices (YoY)	Bearish change	4.2%	3.6%
Harmonized Index of Consumer Prices (MoM)	Bearish change	0.1%	-0.5%
Harmonized Index of Consumer Prices (YoY)	Bearish change	2.9%	2.4%
Unemployment Rate	(no change)	6.5%	6.5%
Unemployment Change	Bullish change	30K	22K
Unemployment Rate s.a.	Bearish change	5.8%	5.9%
Consumer Price Index (EU norm) (YoY)	Bearish change	4.5%	3.8%
Retail Sales (MoM)	Bullish change	-0.8%	1.1%
Retail Sales (YoY)	Bullish change	-4.3%	-0.1%
Consumer Price Index (MoM)	Bearish change	0%	-0.4%
Consumer Price Index (YoY)	Bearish change	3.8%	3.2%
Harmonized Index of Consumer Prices (MoM)	Bearish change	-0.2%	-0.7%
Harmonized Index of Consumer Prices (YoY)	Bearish change	3%	2.3%
Business Climate	Bearish change	-0.33	-0.39
Consumer Confidence	(no change)	-16.9	-16.9
Economic Sentiment Indicator	Bullish change	93.5	93.8
Harmonized Index of Consumer Prices (YoY)	Bearish change	3.5%	3.2%
Gfk Consumer Confidence Survey	Bullish change	-28.1	-27.8

About S&P Global Services PMI

Country:	France
Currency:	EUR
Source:	IHS Markit
Category:	Economic Activity
Frequency:	Monthly

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	Canada		Gross Domestic Product Annualized
	Switzerland		Gross Domestic Product s.a. (QoQ)
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	China		Gross Domestic Product (YoY)
	China		Gross Domestic Product (QoQ)
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	Germany		S&P Global/BME Manufacturing PMI
	Germany		Gross Domestic Product (QoQ)
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	Eurozone		Gross Domestic Product s.a. (YoY)
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	Japan		Gross Domestic Product (QoQ)
	Japan		Tankan Large Manufacturing Index
	New Zealand		Gross Domestic Product (YoY)
	New Zealand		Gross Domestic Product (QoQ)
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	United Kingdom		Gross Domestic Product (QoQ)
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	Australia		S&P Global Services PMI
	Australia		AiG Industry Index
	Australia		Gross Domestic Product (YoY)
	Canada		Bank of Canada Business Outlook Survey
	Canada		Gross Domestic Product (MoM)
	Canada		Ivey Purchasing Managers Index
	Canada		Ivey Purchasing Managers Index s.a
	Canada		Gross Domestic Product (QoQ)
	Canada		S&P Global Manufacturing PMI
	Switzerland		KOF Leading Indicator
	Switzerland		Industrial Production (YoY)
	Switzerland		Gross Domestic Product (YoY)
	Switzerland		ZEW Survey – Expectations
	China		Industrial Production (YoY)
	China		Caixin Services PMI
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	Germany		ZEW Survey – Economic Sentiment
	Germany		IFO – Current Assessment
	Germany		IFO – Expectations
	Germany		ZEW Survey – Current Situation
	Germany		IFO – Business Climate
	Germany		S&P Global/BME Services PMI
	Germany		Gross Domestic Product w.d.a (YoY)
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	Eurozone		ZEW Survey – Economic Sentiment
	Eurozone		S&P Global Manufacturing PMI
	Eurozone		S&P Global Services PMI
	Eurozone		Industrial Production s.a. (MoM)
	Eurozone		Business Climate
	Spain		S&P Global Services PMI
	Spain		S&P Global Manufacturing PMI
	France		S&P Global Manufacturing PMI
	France		S&P Global Composite PMI
	France		Gross Domestic Product (QoQ)
	Italy		Gross Domestic Product (YoY)
	Italy		S&P Global Manufacturing PMI
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	New Zealand		Business NZ PMI
	New Zealand		NZIER Business Confidence (QoQ)
	Poland		Purchasing Manager Index
	United Kingdom		Manufacturing Production (MoM)
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	United Kingdom		Gross Domestic Product (MoM)
	United Kingdom		Industrial Production (MoM)
	United Kingdom		Gross Domestic Product (YoY)
	United Kingdom		NIESR GDP Estimate (3M)
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	United States		Durable Goods Orders ex Defense
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Calendar - S&P Global Services PMI - France

S&P Global Services PMI

Most recent - Tuesday 5 December 2023 08:50

Next event - Friday 15 December 2023 08:15

Trading range

Trading range after each S&P Global Services PMI event

Forecast history

Past events

Economic context

About S&P Global Services PMI

Related events