The typical/expected market impact of this event is low.
The consensus forecast for S&P Global Services PMI is 52.8. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
The most recent announced value for S&P Global Services PMI was 52.5 against a forecast of 51.4.
Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global Services PMI result:
| Country: | Italy |
|---|---|
| Currency: | EUR |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |