The HCOB Eurozone Services PMI reached 52.9 in April 2024, marking an eleven-month high compared to March's 51.5, according to flash estimates. New orders saw their fastest growth since May last year, increasing for the second consecutive month, while the rate of employment growth hit a ten-month high. Despite a slight uptick, service sector cost inflation remained below early-year highs, driven by higher wage rates, energy, and fuel costs. Service providers raised prices at an accelerated pace. However, business expectations for the next 12 months indicated a decline in service sector confidence to a three-month low. source: S&P Global
Services PMI In the Euro Area increased to 52.90 points in April from 51.50 points in March of 2024. Services PMI in Euro Area averaged 51.50 points from 2007 until 2024, reaching an all time high of 59.80 points in July of 2021 and a record low of 12.00 points in April of 2020. This page provides the latest reported value for - Euro Area Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
Services PMI In the Euro Area increased to 52.90 points in April from 51.50 points in March of 2024. Services PMI in Euro Area is expected to be 52.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Services PMI is projected to trend around 52.90 points in 2025, according to our econometric models.