S&P Global Services PMI

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

Most recent - Wednesday 6 November 2024 08:15

Previous
57
Forecast
56.6
Actual
54.9

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

Next event - Wednesday 4 December 2024 08:15

Previous
-
Forecast
-
Actual
-

The typical/expected impact on EUR pairs is medium.

There is no forecast value for S&P Global Services PMI yet - check back for updates.

Trading range

Forecast history

The most recent announced value for S&P Global Services PMI was 54.9 against a forecast of 56.6.

Past events

Date
Forecast
Actual
Wednesday 6 November 2024 08:15
56.6
54.9
Thursday 3 October 2024 07:15
54
57
Wednesday 4 September 2024 07:15
54.5
54.6
Monday 5 August 2024 07:15
56.2
53.9
Wednesday 3 July 2024 07:15
56.4
56.8
Wednesday 5 June 2024 07:15
56
56.9
Monday 6 May 2024 07:15
56
56.2
Thursday 4 April 2024 07:15
55.5
56.1
Tuesday 5 March 2024 08:15
53.5
54.7
Monday 5 February 2024 08:15
52.1
52.1
Thursday 4 January 2024 08:15
51.2
51.5
Tuesday 5 December 2023 08:15
51.5
51
Monday 6 November 2023 08:15
49.5
51.1
Wednesday 4 October 2023 07:15
49.8
50.5
Tuesday 5 September 2023 07:15
51.5
49.3
Thursday 3 August 2023 07:15
53.4
52.8
Wednesday 5 July 2023 07:15
55.5
53.4
Monday 5 June 2023 07:15
58.7
56.7
Thursday 4 May 2023 07:15
59.9
57.9
Wednesday 5 April 2023 07:15
57.5
59.4
Friday 3 March 2023 08:15
54.3
56.7
Friday 3 February 2023 08:15
52.5
52.7
Wednesday 4 January 2023 08:15
50.8
51.6
Monday 5 December 2022 08:15
50.5
51.2
Friday 4 November 2022 08:15
48.3
49.7
Wednesday 5 October 2022 07:15
49.9
48.5
Monday 5 September 2022 07:15
52.9
50.6
Wednesday 3 August 2022 07:15
52
53.8
Tuesday 5 July 2022 07:15
53.5
54
Friday 3 June 2022 07:15
56
56.5
Wednesday 4 May 2022 07:15
55.9
57.1
Tuesday 5 April 2022 07:15
54.2
53.4
Thursday 3 March 2022 08:15
51.6
56.6
Thursday 3 February 2022 08:15
51.5
46.6
Wednesday 5 January 2022 08:15
57.5
55.8
Friday 3 December 2021 08:15
58.8
59.8

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:

PreviousLatest
Producer Price Index (MoM)Bullish change-0.5%0.2%
Producer Price Index (YoY)Bullish change-1.4%-1.1%
Core Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.7%2.7%
Harmonized Index of Consumer Prices (MoM)(no change)0.3%0.3%
Consumer Price Index (EU Norm) (YoY)(no change)1%1%
Consumer Price Index (YoY)(no change)0.9%0.9%
Consumer Price Index (EU norm) (YoY)Bullish change1.5%1.6%
Industrial Production s.a. (MoM)Bearish change1.5%-2%
Employment Change (QoQ)(no change)0.2%0.2%
Gross Domestic Product s.a. (QoQ)(no change)0.4%0.4%
Gross Domestic Product s.a. (YoY)(no change)0.9%0.9%
Harmonized Index of Consumer Prices (YoY)(no change)1.8%1.8%
ZEW Survey – Current SituationBearish change-86.9-91.4
ZEW Survey – Economic SentimentBearish change13.17.4
ZEW Survey – Economic SentimentBearish change20.112.5
Harmonized Index of Consumer Prices (MoM)(no change)0.4%0.4%
Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%

About S&P Global Services PMI

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

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