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S&P Global Services PMI

The Services PMI released by the Markit Economics is an indicator of the economic situation in Italian services sector. It captures an overview of the condition of sales and employment. Any reading above 50 signals expansion, while a reading under 50 shows contraction. Usually, a result above 50 is bullish for the Euro, whereas a result below 50 is seen as bearish.

Most recent - Tuesday 5 September 2023 07:45

Previous
51.5
Forecast
50.2
Actual
49.8

Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.

Next event - Wednesday 4 October 2023 07:45

Previous
49.8
Forecast
50
Actual
-

The typical/expected impact on EUR pairs is medium.

The consensus forecast for S&P Global Services PMI is 50. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Trading range

Forecast history

The most recent announced value for S&P Global Services PMI was 49.8 against a forecast of 50.2.

Past events

Date
Forecast
Actual
Tuesday 5 September 2023 07:45
50.2
49.8
Thursday 3 August 2023 07:45
52.2
51.5
Wednesday 5 July 2023 07:45
-
52.2
Monday 5 June 2023 07:45
53.7
54
Thursday 4 May 2023 07:45
56.5
57.6
Wednesday 5 April 2023 07:45
53.2
55.7
Friday 3 March 2023 08:45
53.1
51.6
Friday 3 February 2023 08:45
51
51.2
Wednesday 4 January 2023 08:45
49.5
49.9
Monday 5 December 2022 08:45
48.3
49.5
Friday 4 November 2022 08:45
48.5
46.4
Wednesday 5 October 2022 07:45
49.2
48.8
Monday 5 September 2022 07:45
48.3
50.5
Wednesday 3 August 2022 07:45
50.1
48.4
Tuesday 5 July 2022 07:45
51.5
51.6
Friday 3 June 2022 07:45
54.5
53.7
Wednesday 4 May 2022 07:45
54.5
55.7
Tuesday 5 April 2022 07:45
51.5
52.1
Thursday 3 March 2022 08:45
52.5
52.8
Thursday 3 February 2022 08:45
50
48.5
Wednesday 5 January 2022 08:45
54
53
Friday 3 December 2021 08:45
54.8
55.9
Thursday 4 November 2021 08:45
54.5
52.4
Tuesday 5 October 2021 07:45
56.5
55.5
Friday 3 September 2021 07:45
58.5
58
Wednesday 4 August 2021 07:45
58.3
58
Monday 5 July 2021 07:45
56
56.7
Thursday 3 June 2021 07:45
52.5
53.1
Wednesday 5 May 2021 07:45
49.8
47.3
Wednesday 7 April 2021 07:45
49
48.6
Wednesday 3 March 2021 08:45
46
48.8
Wednesday 3 February 2021 08:45
39.5
44.7
Wednesday 6 January 2021 08:45
45.3
39.7
Thursday 3 December 2020 08:45
41.3
39.4
Wednesday 4 November 2020 08:45
47
46.7
Monday 5 October 2020 07:45
46.6
48.8

Economic context

Recent economic data has been moderately bearish for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global Services PMI result:

PreviousLatest
Consumer Price Index (EU Norm) (YoY)Bullish change5.5%5.7%
Consumer Price Index (YoY)Bearish change5.4%5.3%
Core Harmonized Index of Consumer Prices (MoM)Bearish change0.3%0.2%
Core Harmonized Index of Consumer Prices (YoY)Bearish change5.3%4.5%
Harmonized Index of Consumer Prices (MoM)Bearish change0.5%0.3%
Harmonized Index of Consumer Prices (YoY)Bearish change5.2%4.3%
Unemployment ChangeBullish change20K10K
Unemployment Rate s.a.(no change)5.7%5.7%
Consumer Price Index (EU norm) (YoY)Bearish change5.7%5.6%
Retail Sales (MoM)Bearish change-0.8%-1.2%
Retail Sales (YoY)Bearish change-2.2%-2.3%
Consumer Price Index (MoM)(no change)0.3%0.3%
Consumer Price Index (YoY)Bearish change6.1%4.5%
Harmonized Index of Consumer Prices (MoM)Bearish change0.4%0.2%
Harmonized Index of Consumer Prices (YoY)Bearish change6.4%4.3%
Business ClimateBullish change-0.41-0.36
Consumer Confidence(no change)-17.8-17.8
Economic Sentiment IndicatorBearish change93.693.3
Harmonized Index of Consumer Prices (YoY)Bullish change2.4%3.2%
Gfk Consumer Confidence SurveyBearish change-25.6-26.5
IFO – Business ClimateBearish change85.885.7
IFO – Current AssessmentBearish change8988.7
IFO – ExpectationsBullish change82.782.9
HCOB Composite PMIBullish change46.747.1
HCOB Manufacturing PMIBearish change43.543.4
HCOB Services PMIBullish change47.948.4
HCOB Composite PMIBullish change44.646.2
HCOB Manufacturing PMIBullish change39.139.8
HCOB Services PMIBullish change47.349.8
HCOB Composite PMIBearish change4643.5
HCOB Manufacturing PMIBearish change4643.6
HCOB Services PMIBearish change4643.9
Gross Domestic Product (QoQ)Bullish change0.4%0.5%
Consumer ConfidenceBearish change-16-17.8
Producer Price Index (MoM)Bullish change-1.1%0.3%
Producer Price Index (YoY)Bearish change-6%-12.6%
Core Harmonized Index of Consumer Prices (MoM)(no change)0.3%0.3%
Core Harmonized Index of Consumer Prices (YoY)(no change)5.3%5.3%
Harmonized Index of Consumer Prices (MoM)Bearish change0.6%0.5%

About S&P Global Services PMI

Country:Italy
Currency:EUR
Source:IHS Markit
Category:Economic Activity
Frequency:Monthly

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