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services PMI
Trends
- 1Italy services PMI misses forecasts with sharp slowdownโผNEWS: Italy services PMI falls to 51.7 vs 54.5 forecast, 55.2 prior
Italy's services sector grew more slowly than expected in the latest reading, with the purchasing managers' index falling to 51.7, well below the forecast of 54.5 and down from 55.2 the previous month. The figure still points to modest expansion, but the size of the miss has drawn attention as a sign the eurozone's services momentum may be cooling.
- 2Italy services PMI misses forecasts badlyโItaly Services PMI 51.7 (est 54.5, last 55.2) Italy Composite PMI 51.0 (est 53.2, last 53.6) Services: Employment 50.5 (
Italy's services PMI came in at 51.7 in the latest reading, well below the expected 54.5 and down from 55.2, while the composite PMI slipped to 51.0 versus a forecast of 53.2. Employment weakened to 50.5, though exports rose to 51.1 and business expectations improved to 63.0. Commentators describe the report as surprisingly weak overall, with input prices climbing to 65.4 despite the slowdown.
- 3Italy's services growth misses forecasts sharplyโItaly (Services 51.7, Composite 51.0): The weakest prints of the session and a clear miss. Services slumped from 55.2 ag
Italy's services PMI fell to 51.7 in the latest reading, well below expectations of 54.5 and down from 55.2 previously. The composite index dropped to 51.0 from 53.6, also missing forecasts of 53.2. The data show Italy's economy still expanding, but with momentum slowing markedly, marking the weakest prints of the session among eurozone releases.
- 4S&P 500 Futures Edge Higher on Strong Services PMIโUS Stock Market Today: S&P 500 Futures Edge Higher On Strong Services PMI Data
US stock index futures are edging higher, with S&P 500 futures ticking up after a report showed stronger-than-expected services PMI data. The figures point to continued resilience in the American services sector, easing some worries about a slowdown and lifting sentiment among investors ahead of the trading session.
- 5Services PMIs and Central Bank Decisions in Focus This WeekโผEconomic Calendar - Key Services PMIs for Europe and the US, and Central Bankers' Decisions
Markets are watching a run of key economic releases this week, with services purchasing managers' index figures due for both Europe and the United States. The data will be read alongside decisions and commentary from major central banks, as investors try to gauge the health of the services sector and the likely path of interest rates on both sides of the Atlantic.
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Spain's services sector picked up pace in the latest month even as businesses faced rising costs, according to the purchasing managers' index. The PMI data pointed to faster growth in activity, suggesting demand remains resilient despite price pressures weighing on service providers across the country.
- 7German services sector grows in September on strong demandโGerman services sector grows in September on strong demand, PMI shows
Germany's services sector expanded in September, driven by strong demand, according to the latest purchasing managers' index data. The reading points to continued resilience in the eurozone's largest economy, where services activity has been offsetting weakness in manufacturing. Analysts are watching whether the momentum can be sustained amid broader concerns about European growth.
- 8Bitcoin traders eye US ISM Services PMI and Fed remarksโBitcoin traders watch US ISM Services PMI and F...
Bitcoin traders are focused on the upcoming US ISM Services PMI release and comments from Federal Reserve officials, looking for clues about interest rate policy. Market watchers say macroeconomic data continues to drive crypto price moves, with a weak or strong services reading likely to shift expectations for Fed rate decisions and, in turn, Bitcoin's direction.
- 9PMI U.S. Donates to Military Relief SocietiesโผPMI U.S. Donates to Official Military Relief Societies Serving Active-Duty Military and Families at Home
Philip Morris International's U.S. arm has announced donations to the official military relief societies that support active-duty service members and their families at home. The company says the contributions are intended to help the societies provide emergency financial assistance and aid to military households. The announcement was distributed via a press release, and wider public reaction or details of the donation amounts remain limited.
- 10China PMIs Signal Broad Economic ImprovementโผChina PMIs Signal Economic Improvement Across Sectors
New purchasing managers' index data from China point to improving conditions across both manufacturing and services sectors, according to a Wall Street Journal report. The readings suggest activity is picking up in the world's second-largest economy, a signal closely watched by investors and policymakers for hints about global growth and demand. Details on the exact figures were not provided.