Euro Area Services PMI

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.

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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	[+]

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		Previous	Highest	Lowest
Australia	51.10	Oct/18	52.5	63	39	Index Points	Monthly
Brazil	50.50	Oct/18	46.4	57.1	36.9	Index Points	Monthly
China	50.80	Oct/18	53.1	54.7	50	Index Points	Monthly
Euro Area	53.70	Oct/18	54.7	58.3	39.2	Index Points	Monthly
France	55.30	Oct/18	54.8	62.9	40.2	Index Points	Monthly
Germany	54.70	Oct/18	55.9	60.3	41.3	Index Points	Monthly
India	52.20	Oct/18	50.9	57.5	44.6	Index Points	Monthly
Italy	49.20	Oct/18	53.3	57.7	42.3	Index Points	Monthly
Japan	52.40	Oct/18	50.2	55.3	46.4	Index Points	Monthly
Russia	56.90	Oct/18	54.7	58.4	41.3	Index Points	Monthly
Spain	54.00	Oct/18	52.5	60.3	36.8	Index Points	Monthly
United Kingdom	52.20	Oct/18	53.9	62.5	40.1	Index Points	Monthly
United States	54.80	Oct/18	53.5	61	49.3	Index Points	Monthly