Track the FR Flash Services PMI for early insights into French services sector conditions and economic momentum.
This serves as a primary indicator of economic health within the services sector. Purchasing managers possess some of the most timely and relevant insights into business conditions. The Flash release is published about a week before the final PMI and tends to have the most market impact. The services sector dominates a larger share of France’s GDP compared to manufacturing.
What it Measures
Level of a diffusion index based on surveyed purchasing managers in the services sector.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically has a positive effect on the currency.
Source & Frequency
S&P Global (latest release) - https://www.pmi.spglobal.com/ • Released monthly, roughly three weeks into the current month.
How Data is Derived
Survey of purchasing managers which asks respondents to rate the relative level of business conditions including new business, employment, prices, and business expectations
Also Known As
N/A
Acronym
Purchasing Managers' Index (PMI)