Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.
The typical/expected impact on EUR pairs is medium.
There is no forecast value for S&P Global Services PMI yet - check back for updates.
The most recent announced value for S&P Global Services PMI was 55.6 against a forecast of 56.2.
Recent economic data has been strongly bearish for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global Services PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| HCOB Manufacturing PMI | Bearish change | 47.7 | 47 | ||
| HCOB Manufacturing PMI | Bearish change | 50.6 | 47.9 | ||
| HCOB Manufacturing PMI | Bearish change | 51.5 | 49.6 | ||
| Harmonized Index of Consumer Prices (YoY) | Bearish change | 3.2% | 3% | ||
| Gross Domestic Product (QoQ) | Bearish change | 0.7% | 0.6% |
| Country: | Spain |
|---|---|
| Currency: | EUR |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |