The IHS Markit Eurozone Services PMI decreased to 51.4 in December 2018 from 53.4 in the previous month, well below market expectations of 53.5. The figure pointed to the softest expansion in the services sector in November 2014, as new business declined to a four-year low and the jobless rate eased. On the price front, input price inflation rose sharply while out prices rose at a softer pace. Finally, expectations dropped to a four year low amid growing concerns over global trade and economic growth, rising political uncertainty, Brexit and tighter financial conditions. In France, output fell due to disruptions to business and travel in France arising from the ‘gilets jaunes’ protests. Services PMI in the Euro Area is reported by Markit Economics.

Services PMI in Euro Area is expected to be 53.40 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 55.10 in 12 months time. In the long-term, the Euro Area Services PMI is projected to trend around 53.30 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 1.09 1.01 1.62 -3.27 Index Points [+]
Manufacturing PMI 51.40 51.80 60.60 33.50 [+]
Services PMI 51.40 53.40 58.30 39.20 Index Points [+]
Composite Pmi 51.30 52.70 58.80 45.70 Index Points [+]
Industrial Production 1.20 0.80 9.20 -21.40 percent [+]
Industrial Production Mom 0.20 -0.60 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 24.92 14.80 25.09 -27.31 EUR Billion [+]
Zew Economic Sentiment Index -21.00 -22.00 89.90 -63.70 [+]
Car Registrations 862.12 806.26 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
51.40 53.40 58.30 39.20 2007 - 2018 Index Points Monthly

Country Last Previous
Australia 55.10 Nov/18
Brazil 51.30 Nov/18
China 53.80 Nov/18
Euro Area 51.40 Dec/18
France 49.60 Dec/18
Germany 52.50 Dec/18
India 53.70 Nov/18
Italy 50.30 Nov/18
Japan 52.30 Nov/18
Russia 55.60 Nov/18
Spain 54.00 Nov/18
United Kingdom 50.40 Nov/18
United States 53.40 Dec/18