Purchasing managers' index (PMI) · Euro Area
Euro Area S&P Global Services PMI Final
The Euro Area S&P Global Services PMI Final is a monthly survey of purchasing managers in the Euro Area that measures whether business activity, new orders, employment and prices are rising or falling.
- Importance
- High
- Prochaine publication
- Devise
- EUR · euro
- Banque centrale
- The European Central Bank
Derniers chiffres
La dernière publication, pour OCT, est parue le 2026-11-04 et s’est établie à 51.4. C’est en dessous du consensus de 51.7. C’est moins que 53.0 la fois précédente.
A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.
| Publié | Pour | Réel | Consensus | Précédent |
|---|---|---|---|---|
| 4 Nov 2026 | OCT | 51.4 | 51.7 | 53.0 |
Pourquoi c’est important
PMIs are among the first data published for each month, weeks before official output figures, and they have a good record of tracking GDP. A reading above 50 means growth, below 50 contraction. Flash (preliminary) PMIs for the major economies can move currencies and stock indices strongly.
Mode de calcul
Companies answer whether each item (output, new orders, employment, delivery times, stocks of purchases) is higher, the same or lower than a month earlier. Each answer set becomes a diffusion index; the manufacturing headline is a weighted average of five of them, the services headline is the activity question.
Diffusion index = % higher + ½ × % same
Manufacturing PMI = 0.30 new orders + 0.25 output + 0.20 employment + 0.15 delivery times (inverted) + 0.10 stocksCe que signifient les variations
- Above 50 and rising: an accelerating economy, supportive for the euro and local stocks.
- The composite PMI combines manufacturing and services and is the best single guide to GDP.
- Look at new orders (future activity) and prices charged (inflation pressure).
Supérieur aux attentes : A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.
Inférieur aux attentes : A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.
Un bref historique
The PMI method comes from the US purchasing managers' survey of the 1940s; the PMIs now produced for more than 40 countries started in the UK in 1992 and spread across Europe and Asia in the following decades.
Questions
What is the Euro Area S&P Global Services PMI Final?
The Euro Area S&P Global Services PMI Final is a monthly survey of purchasing managers in the Euro Area that measures whether business activity, new orders, employment and prices are rising or falling.
What was the latest Euro Area S&P Global Services PMI Final?
51.4 for OCT, published on 4 November 2026 (consensus 51.7, previous 53.0).
When is the next Euro Area S&P Global Services PMI Final?
On Thursday 3 December 2026 at 09:00 UTC.
Why is 50 the key level of a PMI?
It is the point where as many companies report improvement as report deterioration: above it, activity is growing.
Contenu éducatif uniquement, pas un conseil en investissement. Les chiffres sont les résultats publiés tels qu’enregistrés par notre calendrier ; les réactions de marché décrites sont typiques, non garanties.