Euro Area: Non-Manufacturing PMI (NMI) - Final

Macro

2026-09-03

Description

The Eurozone Non-Manufacturing Purchasing Managers' Index (NMI) is compiled by IHS Markit based on monthly surveys of purchasing managers from approximately 2,000 service sector companies in Germany, France, Italy, Spain, and Ireland. An NMI reading above 50 indicates expansion in the service sector, while a reading below 50 indicates contraction. This index is crucial for assessing the overall health of the Eurozone economy and forecasting future economic activity, influencing ECB monetary policy, as well as business and investment strategies.

The index is typically released on the first working day of each month.

Note: Unlike the PMI, which is composed of five sub-indices, the NMI is represented by the Services Business Activity Index.

Published by
Chartered Institute of Purchasing and Supply (Choice)
Frequency
Monthly
Next Update
Hashtags
Service PMI Euro Area

AI Data Insight

Latest data shows that the Eurozone's Services PMI for August 2026 (Q3 2026) slightly decreased to 51.6 from the previous value of 51.7, yet still outperformed market expectations. Driven by strong domestic demand, new business grew steadily and employment expansion hit an eight-month high, indicating that the local services sector has gradually shaken off the energy shocks caused by geopolitics.

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AI Data Insight

Latest data shows that the Eurozone's Services PMI for August 2026 (Q3 2026) slightly decreased to 51.6 from the previous value of 51.7, yet still outperformed market expectations. Driven by strong domestic demand, new business grew steadily and employment expansion hit an eight-month high, indicating that the local services sector has gradually shaken off the energy shocks caused by geopolitics.

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Description

The Eurozone Non-Manufacturing Purchasing Managers' Index (NMI) is compiled by IHS Markit based on monthly surveys of purchasing managers from approximately 2,000 service sector companies in Germany, France, Italy, Spain, and Ireland. An NMI reading above 50 indicates expansion in the service sector, while a reading below 50 indicates contraction. This index is crucial for assessing the overall health of the Eurozone economy and forecasting future economic activity, influencing ECB monetary policy, as well as business and investment strategies.

The index is typically released on the first working day of each month.

Note: Unlike the PMI, which is composed of five sub-indices, the NMI is represented by the Services Business Activity Index.

Published by
Chartered Institute of Purchasing and Supply (Choice)
Frequency
Monthly
Next Update
Hashtags
Service PMI Euro Area