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This index reflects the business optimism in the service sector. The indicator is calculated based on interviewing of executives in Germany, France, Ireland, Italy and Spain. Together, these countries account for about 4/5 of all activity in the service sector of Eurozone.
The indicator values about 50 points indicate that during the reporting period there was neither extension no reduction of the service sector. Values above 50 indicate growth in this sector. Figures below 50 may indicate deterioration in the service sector.
Because 2/3 of GDP is created in the service sector, PMI Services is an important and timely indicator of health of economy. The index has a significant impact on the market.
- Release Frequency: monthly.
- Release Schedule: 09:00 GMT, the third working day of the month.
- Source: NTC Research.