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.

Euro Area Services PMI
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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 [+]

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 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
Australia 44.80 Mar/19
Brazil 52.70 Mar/19
China 54.40 Mar/19
Euro Area 52.50 Apr/19
France 50.50 Apr/19
Germany 55.60 Apr/19
India 52.00 Mar/19
Italy 53.10 Mar/19
Japan 52.00 Mar/19
Russia 54.40 Mar/19
Spain 56.80 Mar/19
United Kingdom 48.90 Mar/19
United States 52.90 Apr/19