France EUR

France HCOB Services PMI Final

Impact:
High
Source: S&P Global

Latest Release:

Date:
Big Surprise:
1.2
| EUR
Actual:
46.9
Forecast: 45.7
Previous/Revision:
49.2
Period: Nov

Next Release:

Date:
Forecast: 48.2
Period: Dec
What Does It Measure?
The HCOB Services PMI Final measures the health of the services sector in France, specifically assessing various components such as business activity, new orders, employment, and supplier delivery times. It is a national indicator used to gauge overall economic performance, with key indicators including a PMI reading above 50 indicating expansion and below 50 indicating contraction.
Frequency
The HCOB Services PMI Final report is released monthly, typically on the first business day of the month, and it represents a final figure reflecting revisions to preliminary estimates issued earlier.
Why Do Traders Care?
Traders closely monitor the HCOB Services PMI Final because it provides insights into economic activity and consumer spending trends, which are critical for assessing the economic environment. Stronger-than-expected readings can lead to bullish sentiment for the euro and equities, while weaker readings may negatively impact market outlooks and asset valuations.
What Is It Derived From?
The HCOB Services PMI Final is derived from a survey of purchasing managers within the services sector, where respondents evaluate business conditions and outlooks. The PMI is calculated using a diffusion index methodology where responses are weighted, with each category (activity, orders, etc.) contributing to the overall index score.
Description
This indicator serves as a coincident economic measure, reflecting current economic conditions in the services sector. It is significant not only for tracking sector performance but also as a barometer for broader economic sentiment, impacting decisions made by traders and policymakers alike.
Additional Notes
The HCOB Services PMI Final is often compared to other PMI reports, such as the Manufacturing PMI, providing a comprehensive view of economic activity. This indicator is classified as a leading indicator, offering insights into future economic performance based on business activity trends in the services sector.
Bullish or Bearish for Currency and Stocks
If higher than expected: Bullish for EUR, Bullish for Stocks. If lower than expected: Bearish for EUR, Bearish for Stocks. A hawkish tone: Signaling higher interest rates or inflation concerns, is usually bad for the EUR but good for Stocks due to cheaper borrowing costs.

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 Time Actual Forecast Previous Surprise
Dec 04, 2024
46.9
 45.7
49.2
1.2
Nov 06, 2024
49.2
 48.3
49.6
0.9
Oct 03, 2024
49.6
 48.3
55
1.3
Sep 04, 2024
55
 55
50.1
Aug 05, 2024
50.1
 50.7
49.6
 -0.6
Jul 03, 2024
49.6
 48.8
49.3
0.8
Jun 05, 2024
49.3
 49.4
51.3
 -0.1
May 06, 2024
51.3
 50.5
48.3
0.8
Apr 04, 2024
48.3
 47.8
48.4
 0.5
Mar 05, 2024
48.4
 48
45.4
 0.4
Feb 05, 2024
45.4
 45
45.7
 0.4
Jan 04, 2024
45.7
 44.3
45.4
1.4
Dec 05, 2023
45.4
 45.3
45.2
 0.1
Nov 06, 2023
45.2
 46.1
44.4
-0.9
Oct 04, 2023
44.4
 43.9
46
 0.5
Sep 05, 2023
46
 46.7
47.1
-0.7
Aug 03, 2023
47.1
 47.4
48
 -0.3
Jul 05, 2023
48
 48
52.5
Jun 05, 2023
52.5
 52.8
54.6
 -0.3
May 04, 2023
54.6
 56.3
53.9
 -1.7