France Markit Services PMI Final

Info

History

Chart

Impact:

High

Source: Markit Economics

Latest Release:

Date:

Big Surprise:

-2.4

EUR

Actual:

55.5

Forecast: 57.9

Previous/Revision:

53.1

Period: Feb

What Does It Measure?

The France Markit Services PMI Final measures the activity level of purchasing managers in the services sector, providing insight into business conditions, output, and growth trends. It primarily assesses areas such as employment, new orders, and price pressures, with the key indicator being a reading above 50 indicating expansion, and below 50 indicating contraction, serving as a national economic indicator.

Frequency

The report is released monthly, typically featuring a "final" figure that is a revision of a preliminary estimate published earlier in the month.

Why Do Traders Care?

Traders closely monitor the Markit Services PMI as it offers valuable information about the economic health and growth prospects of the services sector, which plays a crucial role in the overall economy. Higher-than-expected results can lead to bullish sentiment for the euro and equities, while disappointing readings may exert bearish pressure on these assets.

What Is It Derived From?

The PMI is derived from a survey of purchasing managers in the services sector, where respondents represent various business sizes and sectors. It uses a diffusion index methodology, where changes in indicators such as employment, new orders, and business expectations contribute to a composite index.

Description

The Markit Services PMI Final is a critical economic indicator that reflects the performance of the services sector, which constitutes a significant portion of France's economic activity. It is based on responses from purchasing managers regarding their perceptions of current economic conditions and future business prospects, making it a timely measure of economic health.

Additional Notes

This indicator serves as a leading economic measure, providing foresight into broader economic trends and is often compared with other PMI data to gauge overall economic momentum. It is essential for understanding shifts in the services sector, especially in relation to manufacturing PMI and other region-specific reports.

Bullish or Bearish for Currency and Stocks

If the actual value of the Markit Services PMI Final comes in higher than expected: Bullish for Euro, Bullish for Stocks. If the actual value is lower than expected: Bearish for Euro, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Mar 03, 2022	55.5	57.9	53.1	-2.4
Feb 03, 2022	53.1	53.1	57
Jan 05, 2022	57	57.1	57.4	-0.1
Dec 03, 2021	57.4	58.2	56.6	-0.8
Nov 04, 2021	56.6	56.6	56.2
Oct 05, 2021	56.2	56	56.3	0.2
Sep 03, 2021	56.3	56.4	56.8	-0.1
Aug 04, 2021	56.8	57	57.8	-0.2
Jul 05, 2021	57.8	57.4	56.6	0.4
Jun 03, 2021	56.6	56.6	50.3
May 05, 2021	50.3	50.4	48.2	-0.1
Apr 07, 2021	48.2	47.8	45.6	0.4
Mar 03, 2021	45.6	43.6	47.3	2
Feb 03, 2021	47.3	46.5	49.1	0.8
Jan 06, 2021	49.1	49.2	38.8	-0.1
Dec 03, 2020	38.8	38	46.5	0.8
Nov 04, 2020	46.5	46.5	47.5
Oct 05, 2020	47.5	47.5	51.5
Sep 03, 2020	51.5	51.9	57.3	-0.4
Aug 05, 2020	57.3	57.8	50.7	-0.5
Jul 03, 2020	50.7	50.3	31.1	0.4
Jun 03, 2020	31.1	29.4	10.2	1.7
May 06, 2020	10.2	10.4	27.4	-0.2
Apr 03, 2020	27.4	29	52.5	-1.6
Mar 04, 2020	52.5	52.6	51	-0.1
Feb 05, 2020	51	51.7	52.4	-0.7
Jan 06, 2020	52.4	52.4	52.2
Dec 04, 2019	52.2	52.9	52.9	-0.7
Nov 06, 2019	52.9	52.9	51.1
Oct 03, 2019	51.1	51.6	53.4	-0.5
Sep 04, 2019	53.4	53.3	52.6	0.1
Aug 05, 2019	52.6	52.2	52.9	0.4
Jul 03, 2019	52.9	53.1	51.5	-0.2
Jun 05, 2019	51.5	51.7	50.5	-0.2
May 06, 2019	50.5	50.5	49.1
Apr 03, 2019	49.1	48.7	50.2	0.4
Mar 05, 2019	50.2	49.8	47.8	0.4
Feb 05, 2019	47.8	47.5	49	0.3
Jan 04, 2019	49	49.6	55.1	-0.6
Dec 05, 2018	55.1	55	55.3	0.1
Nov 06, 2018	55.3	55.6	54.8	-0.3
Oct 03, 2018	54.8	54.3	55.4	0.5
Sep 05, 2018	55.4	55.7	54.9	-0.3
Aug 03, 2018	54.9	55.3	55.9	-0.4
Jul 04, 2018	55.9	53.1	54.3	2.8
Jun 05, 2018	54.3	54.3	57.4
May 04, 2018	57.4	57.4	56.9
Apr 05, 2018	56.9	56.8	57.4	0.1
Mar 05, 2018	57.4	57.9	59.2	-0.5
Feb 05, 2018	59.2	59.3	59.1	-0.1
Jan 04, 2018	59.1	59.4	60.4	-0.3
Dec 05, 2017	60.4	60.2	57.3	0.2
Nov 06, 2017	57.3	57.4	57	-0.1
Oct 04, 2017	57	57.1	54.9	-0.1
Sep 05, 2017	54.9	55.5	56	-0.6
Aug 03, 2017	56	55.9	56.9	0.1
Jul 05, 2017	56.9	55.3	57.2	1.6
Jun 05, 2017	57.2	58	56.7	-0.8
May 04, 2017	56.7	57.7	57.5	-1
Apr 05, 2017	57.5	58.5	56.4	-1
Mar 03, 2017	56.4	56.7	54.1	-0.3
Feb 03, 2017	54.1	53.9	52.9	0.2
Jan 04, 2017	52.9	59.4	51.6	-6.5
Dec 05, 2016	51.6	52.6	51.4	-1
Nov 04, 2016	51.4	52.1	53.3	-0.7
Oct 05, 2016	53.3	54.1	52.3	-0.8
Sep 05, 2016	52.3	52	50.5	0.3
Aug 03, 2016	50.5	50.3	49.9	0.2
Jul 05, 2016	49.9	49.9	51.6
Jun 03, 2016	51.6	51.8	50.6	-0.2
May 04, 2016	50.6	50.8	49.9	-0.2
Apr 05, 2016	49.9	51.2	49.2	-1.3
Mar 03, 2016	49.2	49.8	50.3	-0.6
Feb 03, 2016	50.3	50.6	49.8	-0.3
Jan 06, 2016	49.8	50	51	-0.2
Dec 03, 2015	51	51.3	52.7	-0.3
Nov 04, 2015	52.7	52.3	51.9	0.4
Oct 05, 2015	51.9	51.2	50.6	0.7
Sep 03, 2015	50.6	51.8	52	-1.2
Aug 05, 2015	52	52	54.1
Jul 03, 2015	54.1	54.1	52.8
Jun 03, 2015	52.8	51.6	51.4	1.2
May 06, 2015	51.4	50.8	52.4	0.6