HCOB Services PMI

The Services Purchasing Managers Index (PMI) released by S&P Global and Hamburg Commercial Bank (HCOB) captures business conditions in the services sector. As the services sector dominates a large part of total GDP, the services PMI is an important indicator of the overall economic condition in France. A result above 50 signals is bullish for the Euro, whereas a result below 50 is seen as bearish.