The S&P Global Eurozone Services PMI fell to 51.7 in October 2026 from 53.0 in the previous month, coming in below market expectations of 52.5. This marked a two-month low, indicating a moderation in services sector growth. The pace of job creation slowed to a five-month low, reflecting weaker growth in new business and reduced pressure on operating capacity. French services activity returned to contraction, while growth also softened elsewhere in the eurozone. Services input cost inflation eased, although firms faced a less favorable business outlook amid slowing activity and persistent inflationary pressures. source: S&P Global

Services PMI In the Euro Area decreased to 51.70 points in October from 53 points in September of 2026. Services PMI in Euro Area averaged 51.47 points from 2007 until 2026, reaching an all time high of 59.80 points in July of 2021 and a record low of 12.00 points in April of 2020. 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.

Services PMI In the Euro Area decreased to 51.70 points in October from 53 points in September of 2026. Services PMI in Euro Area is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Services PMI is projected to trend around 51.40 points in 2027 and 52.50 points in 2028, according to our econometric models.



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Capacity Utilization 77.90 78.50 percent Sep 2026
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Changes in Inventories 10.48 28.89 EUR Billion Jun 2026
Industrial Production YoY -1.10 -0.30 percent Aug 2026
Industrial Production MoM -0.50 -0.30 percent Aug 2026
Industrial Sentiment -3.40 -3.90 points Oct 2026
Manufacturing Production -1.70 -0.80 percent Aug 2026
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Services Sentiment 5.30 5.90 points Oct 2026
ZEW Economic Sentiment Index 18.50 25.80 points Oct 2026


Euro Area Services PMI
The S&P Global Eurozone Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of service providers in Germany, France, Italy, Spain and Ireland. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The headline figure is the Services Business Activity Index. This is a diffusion index calculated from a question that asks for changes in the volume of business activity compared with one month previously. The Services Business Activity Index is comparable to the Manufacturing Output Index. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Eurozone Services Activity Growth Slows in October
The S&P Global Eurozone Services PMI fell to 51.7 in October 2026 from 53.0 in the previous month, coming in below market expectations of 52.5. This marked a two-month low, indicating a moderation in services sector growth. The pace of job creation slowed to a five-month low, reflecting weaker growth in new business and reduced pressure on operating capacity. French services activity returned to contraction, while growth also softened elsewhere in the eurozone. Services input cost inflation eased, although firms faced a less favorable business outlook amid slowing activity and persistent inflationary pressures.
2026-10-23
Eurozone Services Activity Growth Strongest in 10 Months
The S&P Global Eurozone Services PMI rose to 53.0 in September 2026 from 51.6 in August, in line with preliminary estimates and marking the strongest reading since November 2025. New business increased for a third consecutive month at the joint-fastest pace since November, driven mainly by domestic demand, while export sales were unchanged. Service providers also reported the first increase in outstanding work since October 2025, suggesting workloads exceeded capacity. Employment continued to rise, although job creation slowed slightly from August. On the price front, input cost inflation accelerated to a four-month high, while output price inflation rose at its fastest pace since February 2024. Meanwhile, business confidence remained positive but subdued by historical standards.
2026-10-05
Eurozone Services Activity Continues to Grow
The S&P Global Eurozone Services PMI was inched down to 51.6 in August of 2026 from 51.7 in the previous month, revised marginally lower from the flash estimate of 51.7 but still remaining close to the initial market expectations of 51.5. The result consolidated the recovery in the Eurozone's services sector after the war in the Middle East triggered a surge in energy prices that resulted in PMI contractions in the three months to June. New orders grew as domestic demand in respective bloc countries outpaced export orders. New business levels rose more than those of output, even though firms continued to deplete their backlogs. The mark of resilience in demand drove companies to raise employment the most in eight months. Still, input costs rose to three-month highs as wholesale energy costs regained traction in the period.
2026-09-03