Services PMI In the Euro Area increased to 48.70 points in September from 47.90 points in August of 2023. Services PMI in the Euro Area averaged 51.57 points from 2007 until 2023, reaching an all time high of 59.80 points in July of 2021 and a record low of 12 points in April of 2020. The HCOB 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 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.
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