Euro Area Services PMI

The IHS Markit Eurozone Services PMI decreased to 52.5 in April 2019 from 53.3 in the previous month and below market consensus of 53.2, the flash estimate showed. The latest reading pointed to the weakest expansion in the services sector in three months, as new business growth eased; and backlogs of work dropped marginally for a second straight month. Meanwhile, the job creation rate gained a little momentum, rising to a five-month high. Finally, expectations deteriorated slightly. Among Eurozone's largest economies, France services sector expanded marginally and Germany increased to a 7-month high. 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.

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Euro Area Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	0.53	0.69	1.62	-3.29	Index Points	[+]
Manufacturing PMI	47.80	47.50	60.60	33.50		[+]
Services PMI	52.50	53.30	58.30	39.20	Index Points	[+]
Composite Pmi	51.30	51.60	58.80	45.70	Index Points	[+]
Industrial Production	-0.30	-0.70	9.70	-21.40	percent	[+]
Industrial Production Mom	-0.20	1.90	3.20	-3.90	percent	[+]
Manufacturing Production	-1.90	-4.00	10.00	-21.80	percent	[+]
Capacity Utilization	83.60	83.90	85.30	69.60	percent	[+]
Changes In Inventories	12.09	25.46	25.46	-27.24	EUR Billion	[+]
Zew Economic Sentiment Index	4.50	-2.50	89.90	-63.70		[+]
Car Registrations	892.52	926.05	1169.19	669.00	Thousand	[+]
Mining Production	-5.60	-6.00	42.30	-27.80	percent	[+]

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 April of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	52.50	53.30	58.30	39.20	2007 - 2019	Index Points	Monthly

Country	Last		Previous	Range
Australia	44.80	Mar/19	44.5	63 : 32.5	Index Points
Brazil	52.70	Mar/19	52.2	57.1 : 36.9	Index Points
China	54.40	Mar/19	51.1	54.7 : 50	Index Points
Euro Area	52.50	Apr/19	53.3	58.3 : 39.2	Index Points
France	50.50	Apr/19	49.1	62.9 : 40.2	Index Points
Germany	55.60	Apr/19	55.4	60.3 : 41.3	Index Points
India	52.00	Mar/19	52.5	57.5 : 44.6	Index Points
Italy	53.10	Mar/19	50.4	57.7 : 42.3	Index Points
Japan	52.00	Mar/19	52.3	55.3 : 46.4	Index Points
Russia	54.40	Mar/19	55.3	58.4 : 41.3	Index Points
Spain	56.80	Mar/19	54.5	60.3 : 36.8	Index Points
United Kingdom	48.90	Mar/19	51.3	62.5 : 40.1	Index Points
United States	52.90	Apr/19	55.3	61 : 49.3	Index Points