The IHS Markit Eurozone Services PMI decreased to 52.5 in May 2019 from 52.8 in the previous month and below market consensus of 53, a preliminary estimate showed. The latest reading pointed to the weakest expansion in factory activity in four months, as new work growth slowed to the lowest since 2014 and the job creation rate eased. On the price front, input cost inflation remained elevated mainly boosted by higher wages and output prices increased at the weakest rate for over a year. Finally, expectations of growth in the coming year hit the lowest since 2014. Services PMI in the Euro Area is reported by Markit Economics.

Services PMI in Euro Area is expected to be 51.50 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 52.60 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 0.42 0.54 1.62 -3.30 Index Points [+]
Manufacturing PMI 47.70 47.90 60.60 33.50 [+]
Services PMI 52.50 52.80 58.30 39.20 Index Points [+]
Composite Pmi 51.60 51.50 58.80 45.70 Index Points [+]
Industrial Production -0.60 0.00 9.70 -21.40 percent [+]
Industrial Production Mom -0.30 -0.10 3.40 -4.00 percent [+]
Manufacturing Production 0.30 0.80 10.00 -21.80 percent [+]
Capacity Utilization 82.80 83.60 85.30 69.60 percent [+]
Changes In Inventories 12.09 25.46 25.46 -27.24 EUR Billion [+]
Zew Economic Sentiment Index -1.60 4.50 89.90 -63.70 [+]
Car Registrations 934.92 892.52 1169.19 669.00 Thousand [+]
Mining Production -3.40 -1.80 42.30 -27.80 percent [+]

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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.50 52.80 58.30 39.20 2007 - 2019 Index Points Monthly

Country Last Previous
Australia 46.50 Apr/19
Brazil 49.90 Apr/19
China 54.50 Apr/19
Euro Area 52.50 May/19
France 51.70 May/19
Germany 55.00 May/19
India 51.00 Apr/19
Italy 50.40 Apr/19
Japan 51.80 Apr/19
Russia 52.60 Apr/19
Spain 53.10 Apr/19
United Kingdom 50.40 Apr/19
United States 50.90 May/19