The S&P Global Eurozone Services PMI rose to 50.7 in January 2023 from 49.8 in the previous month, and above market expectations of 50.2, a preliminary estimate showed. The latest reading pointed to the first month of expansion in services activity since July, driven by technology, as well as healthcare and pharmaceutical sectors, though industrial services also rebounded into growth territory. At the same time, downturns also eased in financial services, notably including real estate, and in basic resources sectors, while consumer-facing sectors such as tourism and recreation and household goods showed signs of stabilizing after several months of decline. New business placed at service providers fell only marginally and employment growth accelerated. On the price front, input cost inflation slipped to a 13-month low, while average selling price inflation ticked higher. source: Markit Economics
Services PMI in Euro Area averaged 51.53 points from 2007 until 2023, reaching an all time high of 59.80 points in July of 2021 and a record low of 12.00 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.
Services PMI in Euro Area is expected to be 51.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.