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France EUR

France Markit Services PMI Flash

Info

History

Chart

Impact:

High

Source: Markit Economics

Latest Release:

Date:

Surprise:

2.4

EUR

Actual:

57.4

Forecast: 55

Previous/Revision:

55.5

Period: Mar

What Does It Measure?

The Markit Services PMI Flash in France measures the business activity within the services sector, explicitly indicating the level of economic expansion or contraction in this crucial industry. It primarily focuses on factors such as new orders, employment levels, and business confidence, with a reading above 50 indicating expansion and below 50 signifying contraction.

Frequency

This index is released monthly, typically as a preliminary estimate, with results published on the flash reading day, usually around the 23rd of each month.

Why Do Traders Care?

Traders monitor the Markit Services PMI Flash closely because it provides timely insights into the health of the services sector, influencing financial markets across currencies, stocks, and bonds. A positive reading can bolster investor sentiment, leading to a stronger Euro or rising stock prices, while a disappointing figure may exert bearish pressure on these assets.

What Is It Derived From?

The Markit Services PMI Flash is derived from a survey of approximately 400 purchasing managers in the services sector, capturing their insights on business conditions such as demand, employment, and pricing. The index is calculated using a weighted diffusion index, where responses indicating improvement are assigned specific parameters that contribute to the overall score.

Description

Preliminary reports are compiled from early responses and may be subject to revision, while final reports reflect a more comprehensive view of the data collected. Traders tend to react more strongly to preliminary results due to their timeliness, with final figures serving to confirm or adjust market sentiment based on more detailed insights.

Additional Notes

The Markit Services PMI is considered a leading economic indicator as it helps forecast future economic activity in the services sector. It is closely watched not only within France but also serves as a comparative metric against similar PMI reports from other nations, providing a broader context for global economic trends.

Bullish or Bearish for Currency and Stocks

If the Markit Services PMI Flash indicates a higher than expected value, it would be classified as bullish for the Euro and bullish for stocks. Conversely, a lower than expected reading would be bearish for the Euro and 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 24, 2022	57.4	55	55.5	2.4
Feb 21, 2022	57.9	53.6	53.1	4.3
Jan 24, 2022	53.1	55.3	57	-2.2
Dec 16, 2021	57.1	56	57.4	1.1
Nov 23, 2021	58.2	56	56.6	2.2
Oct 22, 2021	56.6	55.5	56.2	1.1
Sep 23, 2021	56	56	56.3
Aug 23, 2021	56.4	57	56.8	-0.6
Jul 23, 2021	57	58.7	57.8	-1.7
Jun 23, 2021	57.4	59.4	56.6	-2
May 21, 2021	56.6	53	50.3	3.6
Apr 23, 2021	50.4	46.5	48.2	3.9
Mar 24, 2021	47.8	45.5	45.6	2.3
Feb 19, 2021	43.6	47	47.3	-3.4
Jan 22, 2021	46.5	48.5	49.1	-2
Dec 16, 2020	49.2	40	38.8	9.2
Nov 23, 2020	38	37.7	46.5	0.3
Oct 23, 2020	46.5	46.8	47.5	-0.3
Sep 23, 2020	47.5	51.5	51.5	-4
Aug 21, 2020	51.9	56.3	57.3	-4.4
Jul 24, 2020	57.8	52.3	50.7	5.5
Jun 23, 2020	50.3	44.2	31.1	6.1
May 21, 2020	29.4	27.8	10.2	1.6
Apr 23, 2020	10.4	25	27.4	-14.6
Mar 24, 2020	29	42	52.5	-13
Feb 21, 2020	52.6	51.3	51	1.3
Jan 24, 2020	51.7	52.2	52.4	-0.5
Dec 16, 2019	52.4	52.1	52.2	0.3
Nov 22, 2019	52.9	53	52.9	-0.1
Oct 24, 2019	52.9	51.6	51.1	1.3
Sep 23, 2019	51.6	51.6	53.4
Aug 22, 2019	53.3	52.5	52.6	0.8
Jul 24, 2019	52.2	52.2	52.9
Jun 21, 2019	53.1	51.5	51.5	1.6
May 23, 2019	51.7	50.8	50.5	0.9
Apr 18, 2019	50.5	49.8	49.1	0.7
Mar 22, 2019	48.7	50.7	50.2	-2
Feb 21, 2019	49.8	48.7	47.8	1.1
Jan 24, 2019	47.5	50.5	49	-3
Dec 14, 2018	49.6	54.8	55.1	-5.2
Nov 23, 2018	55	55	55.3
Oct 24, 2018	55.6	54.7	54.8	0.9
Sep 21, 2018	54.3	55.2	55.4	-0.9
Aug 23, 2018	55.7	55.1	54.9	0.6
Jul 24, 2018	55.3	55.7	55.9	-0.4
Jun 22, 2018	56.4	54.3	54.3	2.1
May 23, 2018	54.3	57.2	57.4	-2.9
Apr 23, 2018	57.4	56.5	56.9	0.9
Mar 22, 2018	56.8	56.8	57.4
Feb 21, 2018	57.9	57.9	59.2
Jan 24, 2018	59.3	59.3	59.1
Dec 14, 2017	59.4	59.4	60.4
Nov 23, 2017	60.2	60.2	57.3
Oct 24, 2017	57.4	57.4	57.4
Sep 22, 2017	57.1	54.8	54.9	2.3
Aug 23, 2017	55.5	55.8	56	-0.3
Jul 24, 2017	55.9	56.7	56.9	-0.8
Jun 23, 2017	55.3	57	57.2	-1.7
May 23, 2017	58	56.5	56.7	1.5
Apr 21, 2017	57.7	57.1	57.5	0.6
Mar 24, 2017	58.5	56.1	56.4	2.4
Feb 21, 2017	56.7	53.8	54.1	2.9
Jan 24, 2017	53.9	53.2	52.9	0.7
Dec 15, 2016	52.6	52	51.6	0.6
Nov 23, 2016	52.6	51.9	51.4	0.7
Oct 24, 2016	52.1	53	53.3	-0.9
Sep 23, 2016	54.1	52	52.3	2.1
Aug 23, 2016	52	50.5	50.5	1.5
Jul 22, 2016	50.3	49.5	49.9	0.8
Jun 23, 2016	49.9	51.7	51.6	-1.8
May 23, 2016	51.8	50.6	50.6	1.2
Apr 22, 2016	50.8	50.2	49.9	0.6
Mar 22, 2016	51.2	49.5	49.2	1.7
Feb 22, 2016	49.8	50.3	50.3	-0.5
Jan 22, 2016	50.6	50.2	49.8	0.4
Dec 16, 2015	50	50.8	51	-0.8
Nov 23, 2015	51.3	52.6	52.7	-1.3
Oct 23, 2015	52.3	51.6	51.9	0.7
Sep 23, 2015	51.2	51	50.6	0.2
Aug 21, 2015	51.8	52	52	-0.2
Jul 24, 2015	52	53.8	54.1	-1.8
Jun 23, 2015	54.1	52.6	52.8	1.5
May 21, 2015	51.6	51.9	51.4	-0.3