Service purchasing manager indices

Both Encouraging and Discouraging PMI Survey Results

February 4, 2015

Euroland’s service-sector purchasing managers index was revised upward to a 5-month high of 52.7 in January.  That reading exceeded 51.6 in Decembere and 51.1 in November, helping to lift the composite PMI score to 52.6, best since July and consistent with 0.3% GDP growth if sustained through the current quarter.  The composite PMIs for Germany […] More

U.S. and Euro Area Service Sector Purchasing Manager Survey Results

August 3, 2011

Service sector PMI readings in July were below original expectations in both the United States and Euroland.  In a weakening economy, the number of statistics that lie below expectations tends to outpace the number of positive surprises because the starting point of forecasting is an extrapolation of recent trend. Improved sales in July lent some […] More