The IHS Markit Eurozone Services PMI came in at 53.7 in October 2018, higher than the earlier flash estimate of 53.3 but down from September’s 54.7. Still, the reading pointed to the weakest pace of expansion in the service sector since January 2017. New orders rose the least since May and business confidence softened while jobs growth remained close to the previous month's 11-year peak. In addition, capacity pressures persisted and backlogs of work continued to rise. On the price front, service providers’ operating expenses climbed due to higher prices for energy and fuel, alongside increased wages. Across Eurozone's largest economies, slower growth of activity was recorded in Germany (3-month low) and Ireland (7-month low) while Italy posted the first contraction since May 2016. In contrast, France and Spain registered faster growth. Services PMI in the Euro Area is reported by Markit Economics.

Euro Area Services PMI
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 1.01 1.21 1.62 -3.27 Index Points [+]
Manufacturing PMI 52.00 53.20 60.60 33.50 [+]
Services PMI 53.70 54.70 58.30 39.20 Index Points [+]
Composite Pmi 53.10 54.10 58.80 45.70 Index Points [+]
Industrial Production 0.90 1.10 9.20 -21.40 percent [+]
Industrial Production Mom -0.30 1.10 3.20 -4.00 percent [+]
Manufacturing Production 1.20 1.50 10.10 -21.70 percent [+]
Capacity Utilization 83.90 84.10 85.30 69.60 percent [+]
Changes In Inventories 15.80 9.03 25.28 -27.57 EUR Billion [+]
Zew Economic Sentiment Index -22.00 -19.40 89.90 -63.70 [+]
Car Registrations 806.26 731.99 1169.19 669.00 Thousand [+]
Mining Production -18.70 -13.00 42.30 -26.80 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
53.70 54.70 58.30 39.20 2007 - 2018 Index Points Monthly

Country Last
Australia 51.10 Oct/18
Brazil 50.50 Oct/18
China 50.80 Oct/18
Euro Area 53.70 Oct/18
France 55.30 Oct/18
Germany 54.70 Oct/18
India 52.20 Oct/18
Italy 49.20 Oct/18
Japan 52.40 Oct/18
Russia 56.90 Oct/18
Spain 54.00 Oct/18
United Kingdom 52.20 Oct/18
United States 54.80 Oct/18