The S&P Global Eurozone Services PMI eased to 50.2 in March 2026 from 51.9 in February and close to the preliminary 50.1 estimate, marking the weakest performance since May last year. Demand conditions deteriorated, with new business falling for the first time since July 2025 and at the fastest pace in 16 months, while export sales also declined more sharply. Service providers continued to work through backlogs, extending a trend seen since November, and employment levels were broadly unchanged, with hiring activity near a five-year low. Business confidence weakened notably, dropping to a ten-month low amid rising uncertainty. At the same time, cost pressures intensified, with input price inflation accelerating to a 34-month high, although the pace of increase in prices charged slowed slightly compared to February. source: S&P Global

Services PMI In the Euro Area decreased to 50.20 points in March from 51.90 points in February of 2026. Services PMI in Euro Area averaged 51.50 points from 2007 until 2026, reaching an all time high of 59.80 points in July of 2021 and a record low of 12.00 points in April of 2020. This page provides the latest reported value for - Euro Area Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Services PMI In the Euro Area decreased to 50.20 points in March from 51.90 points in February of 2026. Services PMI in Euro Area is expected to be 51.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Services PMI is projected to trend around 51.40 points in 2027 and 52.50 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies QoQ 3.40 4.30 percent Dec 2025
Business Confidence -0.27 -0.36 points Mar 2026
Capacity Utilization 77.60 78.00 percent Mar 2026
Car Registrations 764651.00 757035.00 Units Feb 2026
Changes in Inventories 27.81 36.61 EUR Billion Dec 2025
Industrial Production YoY -1.20 2.20 percent Jan 2026
Industrial Production MoM -1.50 -0.60 percent Jan 2026
Industrial Sentiment -7.00 -7.20 points Mar 2026
Manufacturing Production -2.20 2.60 percent Jan 2026
Mining Production 0.80 1.80 percent Jan 2026
Services Sentiment 4.90 5.00 points Mar 2026
ZEW Economic Sentiment Index -8.50 39.40 points Mar 2026


Euro Area Services PMI
The S&P Global Eurozone Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of service providers in Germany, France, Italy, Spain and Ireland. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The headline figure is the Services Business Activity Index. This is a diffusion index calculated from a question that asks for changes in the volume of business activity compared with one month previously. The Services Business Activity Index is comparable to the Manufacturing Output Index. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Euro Area Services PMI Falls to 10-Month Low
The S&P Global Eurozone Services PMI eased to 50.2 in March 2026 from 51.9 in February and close to the preliminary 50.1 estimate, marking the weakest performance since May last year. Demand conditions deteriorated, with new business falling for the first time since July 2025 and at the fastest pace in 16 months, while export sales also declined more sharply. Service providers continued to work through backlogs, extending a trend seen since November, and employment levels were broadly unchanged, with hiring activity near a five-year low. Business confidence weakened notably, dropping to a ten-month low amid rising uncertainty. At the same time, cost pressures intensified, with input price inflation accelerating to a 34-month high, although the pace of increase in prices charged slowed slightly compared to February.
2026-04-07
Euro Area Services Sector Growth Nearly Stalls
The S&P Global Flash Eurozone Services PMI fell to 50.1 in March 2026 from 51.9 in February, below forecasts of 51.1. The reading pointed to near-stalling growth in the services sector, the weakest since a contraction in May last year. There was a renewed reduction in new orders, alongside a marked increase in price pressures due to the war in the Middle East. Meanwhile, services employment increased marginally, but to the smallest extent since last September.
2026-03-24
Eurozone Services Activity Improves
The HCOB Eurozone Services PMI inched higher to 51.9 in February of 2026 from 51.6 in the previous month, slightly ahead of the preliminary estimate of 51.8 and in line with the initial market expectations. New orders for companies in the sector improved at a faster pace, although strong demand was solely due to favorable domestic dynamics as export orders fell further, extending the streak that began in June of 2023. Likewise, service providers continued to clear backlogs to sustain output levels, although the pace of depletion slowed to its slowest in three months. In the meantime, firms continued their net hiring pace to stretch the current trend of job creation to five years. On the price front, input cost inflation was unchanged from the prior month's 11-month high, but output charges slowed. Still, the pickup in orders was enough to carry an improvement in business confidence for the upcoming 12 months.
2026-03-04