PMIs at 51.9 have been declining since last month (continuing its negative quarterly trend); in more detail, they moved up by 0.6 points (from 51.3 to 51.9 points) since the previous reading and moved down by -0.90 points (from 52.8) over the quarter
PMIs remain positive, indicating fair growth to come next
IntroBased on a monthly survey of supply chain managers across multiple industries, the Purchasing Managers Index (PMI) summarizes whether business conditions - and thus economic growth - are either expanding, staying the same, or contracting, as viewed by purchasing managers.
Chart typeIn this chart we show the composite PMI, a weighted average of manufacturing and service sectors together.
How to read itA PMI reading above 50 indicates that the economy is likely to expand in the upcoming months (positive GDP growth). Conversely, a PMI below 50 often signals a slowdown in economic activity and can be linked to a decline or slower growth in GDP.
Market implicationsHigher growth prospects are likely to bring higher company earnings in the future, and thus normally push equities up, same things equal.
EU Services PMI
EU Services PMI
a leading indicator of growth in services
how much will the services sector grow next?
Latest data as of: 04-03-2026
EU Services PMIs:
PMIs at 51.9 have been declining since last month (continuing its negative quarterly trend); in more detail, they moved up by 0.3 points (from 51.6 to 51.9 points) since the previous reading and moved down by -1.70 points (from 53.6) over the quarter
PMIs remain positive, indicating fair growth to come next
IntroBased on a monthly survey of supply chain managers across multiple industries, the Purchasing Managers Index (PMI) summarizes whether business conditions - and thus economic growth - are either expanding, staying the same, or contracting, as viewed by purchasing managers.
Chart typeIn this chart we show the Services PMI, focusing on the services sectors only.
How to read itA PMI reading above 50 indicates that the economy is likely to expand in the upcoming months (positive GDP growth). Conversely, a PMI below 50 often signals a slowdown in economic activity and can be linked to a decline or slower growth in GDP.
Market implicationsHigher growth prospects are likely to bring higher company earnings in the future, and thus normally push equities up, same things equal.