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. source: S&P Global

Services PMI In the Euro Area increased to 49.40 points in June from 47.70 points in May 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 49.40 points in June from 47.70 points in May of 2026. Services PMI in Euro Area is expected to be 49.00 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 -0.38 -0.27 points Jun 2026
Capacity Utilization 78.50 77.60 percent Jun 2026
Car Registrations 801936.60 797368.40 Units May 2026
Changes in Inventories 27.65 34.97 EUR Billion Mar 2026
Industrial Production YoY 0.30 -2.80 percent Apr 2026
Industrial Production MoM 0.10 0.40 percent Apr 2026
Industrial Sentiment -7.70 -7.90 points Jun 2026
Manufacturing Production 0.30 -3.00 percent Apr 2026
Mining Production -4.10 -1.00 percent Apr 2026
Services Sentiment 3.20 2.60 points Jun 2026
ZEW Economic Sentiment Index 9.50 -9.10 points Jun 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 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
Downturn in Eurozone Services Sector Eases in June
The Eurozone Services PMI Business Activity Index improved to 48.9 in June 2026, the highest level in three months and above market expectations of 48.5, compared with 47.7 in May. The data pointed to a slower decline in services activity, with business conditions showing signs of stabilisation. New business continued to fall, but the pace of contraction eased, while input price growth weakened and output price inflation also slowed during the month. Employment trends improved, with services companies recording a renewed, although marginal, increase in staffing levels. Business confidence strengthened, suggesting improved expectations for future activity. Most responses included in the June flash PMI survey were collected before the June 17 signing of the memorandum of understanding between the US and Iran to halt hostilities, meaning the latest improvement does not fully reflect the potential impact of easing geopolitical tensions.
2026-06-23
Eurozone Services Activity Revised Higher
The S&P Global Eurozone Services PMI inched higher to 47.7 in May of 2026 from the five-year low of 47.6 in the previous month, revised sharply higher from the preliminary estimate of 46.4 to align with the earlier market expectations. New business inflows continued to decline, consistent with the lower purchasing power for clients since the outbreak of war in the Middle East triggered a surge in energy costs. Despite the sharp increase in input costs, output charges rose at a softer pace. Consequently, firms tapped their backlogs to soften the drop in output. The lower need for capacity drove employment levels in the services sector to drop for the first time since January of 2021. Looking ahead, business confidence improved slightly from the previous month but remained below historical averages.
2026-06-03