The IHS Markit Eurozone Services PMI rose to 53.5 in August 2019 from 53.2 in July and above a preliminary reading and market consensus of 53.4. The reading pointed to a stronger expansion in the services sector, as output rose solidly in Germany, Ireland, Spain and France. New work increased at the weakest pace in three months and backlogs of unfinished business fell for the first time since March. The job creation rate advanced at the softest pace since the start of the year amid worries regarding future activity growth. Looking ahead, confidence weakened to its lowest level since June 2003. Services PMI in the Euro Area is reported by Markit Economics.

Services PMI in Euro Area is expected to be 53.70 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Euro Area to stand at 53.20 in 12 months time. In the long-term, the Euro Area Services PMI is projected to trend around 54.00 Index Points in 2020, according to our econometric models.

Euro Area Services PMI
Forecast Data Chart
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.11 -0.11 1.63 -3.31 Index Points [+]
Manufacturing PMI 47.00 46.50 60.60 33.50 [+]
Services PMI 53.50 53.20 58.30 39.20 Index Points [+]
Composite Pmi 51.90 51.50 58.80 45.70 Index Points [+]
Industrial Production -2.00 -2.40 9.70 -21.40 percent [+]
Industrial Production Mom -0.40 -1.40 3.30 -4.00 percent [+]
Manufacturing Production -2.00 -2.60 10.00 -21.70 percent [+]
Capacity Utilization 81.90 82.80 85.30 69.60 percent [+]
Changes In Inventories 7.71 7.61 27.72 -24.53 EUR Billion [+]
Zew Economic Sentiment Index -22.40 -43.60 89.90 -63.70 [+]
Car Registrations 896.89 961.38 1169.19 669.00 Thousand [+]
Mining Production -8.40 -12.90 42.30 -27.80 percent [+]
Industrial Sentiment -5.90 -7.30 10.20 -37.70 [+]
Services Sentiment 9.30 10.60 35.30 -25.20 [+]

Euro Area Services PMI

The Eurozone Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of around 2,000 private service sector firms. National services data are included for Germany, France, Italy, Spain and the Republic of Ireland. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides the latest reported value for - Euro Area Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Services PMI - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.50 53.20 58.30 39.20 2007 - 2019 Index Points Monthly

Country Last Previous
Australia 51.40 Aug/19
Brazil 51.40 Aug/19
China 52.10 Aug/19
Euro Area 53.50 Aug/19
France 53.40 Aug/19
Germany 54.80 Aug/19
India 52.40 Aug/19
Italy 50.60 Aug/19
Japan 53.30 Aug/19
Russia 52.10 Aug/19
Spain 54.30 Aug/19
United Kingdom 50.60 Aug/19
United States 50.70 Aug/19