The S&P Global Eurozone Services PMI rose to 51.7 in July of 2026 from 49.4 in June, the highest in five months, revised marginally higher from the flash estimate of 51.6 and well above the initial estimate consensus of 49.8. The result reflected improving economic conditions as the momentary truce between the US and Iran lowered energy prices and improved margins for the European services sector. New business wins rebounded in the period, even though most new contracts were with domestic clients, while backlogs were depleted. Consequently, higher capacity demand supported a mild increase in employment levels. Meanwhile, input cost inflation fell the most since February, leading to a similar slowdown in output charges. Looking ahead, Eurozone services providers displayed greater optimism on the year ahead. source: S&P Global

Services PMI In the Euro Area increased to 51.70 points in July from 49.40 points in June of 2026. Services PMI in Euro Area averaged 51.46 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 increased to 51.70 points in July from 49.40 points in June of 2026. Services PMI in Euro Area is expected to be 50.50 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 0.40 2.60 percent Mar 2026
Business Confidence -0.19 -0.36 points Jul 2026
Capacity Utilization 78.50 77.60 percent Jun 2026
Car Registrations 816092.40 801936.60 Units Jun 2026
Changes in Inventories 28.52 31.70 EUR Billion Mar 2026
Industrial Production YoY -1.20 0.40 percent May 2026
Industrial Production MoM -0.20 0.30 percent May 2026
Industrial Sentiment -6.10 -7.50 points Jul 2026
Manufacturing Production -1.30 0.40 percent May 2026
Mining Production -3.10 -4.50 percent May 2026
Services Sentiment 4.70 4.20 points Jul 2026
ZEW Economic Sentiment Index 23.40 9.50 points Jul 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
Eurozone Services Activity Revised Higher
The S&P Global Eurozone Services PMI rose to 51.7 in July of 2026 from 49.4 in June, the highest in five months, revised marginally higher from the flash estimate of 51.6 and well above the initial estimate consensus of 49.8. The result reflected improving economic conditions as the momentary truce between the US and Iran lowered energy prices and improved margins for the European services sector. New business wins rebounded in the period, even though most new contracts were with domestic clients, while backlogs were depleted. Consequently, higher capacity demand supported a mild increase in employment levels. Meanwhile, input cost inflation fell the most since February, leading to a similar slowdown in output charges. Looking ahead, Eurozone services providers displayed greater optimism on the year ahead.
2026-08-05
Euro Area Services Sector Returns to Growth
The S&P Global Eurozone Services PMI rose to 51.6 in July 2026 from 49.4 in June, marking a five-month high and comfortably exceeding market expectations of 49.8, flash data showed. The reading signaled a return to expansion in the services sector after a three-month contraction, supported by a renewed increase in business activity. Employment also improved, with service providers driving overall job creation across the private sector. On the cost front, operating expenses continued to rise at a pace broadly unchanged from the previous month, reflecting persistent input cost pressures. However, output price inflation eased, indicating that firms were passing on costs to customers at a slower rate. Business confidence also strengthened, with sentiment regarding the year-ahead outlook improving across the services sector as companies grew more optimistic about future demand and economic conditions.
2026-07-24
Eurozone Services Activity Revised Higher
The Eurozone Services PMI Business Activity Index rose to 49.4 in June of 2026 from 47.7 in the previous month, revised higher from the preliminary estimate of 48.9 and well above the earlier market expectations of 48.5. It was the softest downturn in the bloc's services sector activity since the outbreak of war in the Middle East triggered an energy shock for European importers. New business volumes fell at a slightly faster pace than the previous month. Consequently, companies cleared backlogs of work at an accelerated take for output. Despite the pullback in demand from clients, firms recorded a fresh increase in their headcounts after the brief pullback in the second quarter. The hiring was in line with an improvement in business sentiment as energy prices fell from their peaks and reduced the surge in borrowing costs. Input inflation faced by the sector fell for the first time since October of last year.
2026-07-03