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

Macro

2026-07-03

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

The Eurozone Services PMI for June 2026 (Q2) climbed to 50.0 from 48.5 in the previous month, successfully hitting the boom-or-bust line and beating market expectations. Benefiting from falling energy prices and accelerated employment growth, the contraction in the services sector has eased significantly. In the short term, cooling inflation will alleviate pressure on the European Central Bank, but the potential risks of weak new orders still require attention in the medium term.

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AI Data Insight

The Eurozone Services PMI for June 2026 (Q2) climbed to 50.0 from 48.5 in the previous month, successfully hitting the boom-or-bust line and beating market expectations. Benefiting from falling energy prices and accelerated employment growth, the contraction in the services sector has eased significantly. In the short term, cooling inflation will alleviate pressure on the European Central Bank, but the potential risks of weak new orders still require attention in the medium term.

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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