The typical/expected impact on EUR pairs is medium.
The consensus forecast for S&P Global Services PMI is 48.4. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.
The most recent announced value for S&P Global Services PMI was 48.5 against a forecast of 48.9.
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 | ||||
|---|---|---|---|---|---|
| Consumer Confidence | Bullish change | -14.9 | -14.2 | ||
| Producer Price Index (MoM) | Bullish change | -0.5% | -0.1% | ||
| Producer Price Index (YoY) | Bullish change | -2.2% | -1.7% | ||
| Core Harmonized Index of Consumer Prices (MoM) | (no change) | 0.1% | 0.1% | ||
| Core Harmonized Index of Consumer Prices (YoY) | Bullish change | 2.3% | 2.4% | ||
| Harmonized Index of Consumer Prices (MoM) | (no change) | 0.1% | 0.1% | ||
| Consumer Price Index (EU Norm) (YoY) | (no change) | 1.8% | 1.8% | ||
| Consumer Price Index (YoY) | (no change) | 1.6% | 1.6% | ||
| Industrial Production s.a. (MoM) | Bearish change | 0.5% | -1.2% | ||
| Harmonized Index of Consumer Prices (YoY) | (no change) | 3% | 3% | ||
| Consumer Price Index (EU norm) (YoY) | (no change) | 1.1% | 1.1% | ||
| ZEW Survey – Current Situation | Bearish change | -76.4 | -80 | ||
| ZEW Survey – Economic Sentiment | Bullish change | 37.3 | 39.3 | ||
| ZEW Survey – Economic Sentiment | Bearish change | 26.1 | 22.7 | ||
| Harmonized Index of Consumer Prices (MoM) | (no change) | 0.2% | 0.2% | ||
| Harmonized Index of Consumer Prices (YoY) | (no change) | 2.4% | 2.4% |
| Country: | France |
|---|---|
| Currency: | EUR |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |