The S&P Global Eurozone Services PMI was inched down to 51.6 in August of 2026 from 51.7 in the previous month, revised marginally lower from the flash estimate of 51.7 but still remaining close to the initial market expectations of 51.5. The result consolidated the recovery in the Eurozone's services sector after the war in the Middle East triggered a surge in energy prices that resulted in PMI contractions in the three months to June. New orders grew as domestic demand in respective bloc countries outpaced export orders. New business levels rose more than those of output, even though firms continued to deplete their backlogs. The mark of resilience in demand drove companies to raise employment the most in eight months. Still, input costs rose to three-month highs as wholesale energy costs regained traction in the period. source: S&P Global

Services PMI In the Euro Area decreased to 51.60 points in August from 51.70 points in July 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 decreased to 51.60 points in August from 51.70 points in July of 2026. Services PMI in Euro Area is expected to be 51.50 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 6.90 -2.30 percent Jun 2026
Business Confidence -0.22 -0.19 points Aug 2026
Capacity Utilization 77.90 78.50 percent Sep 2026
Car Registrations 816092.40 801936.60 Units Jun 2026
Changes in Inventories 28.52 31.70 EUR Billion Mar 2026
Industrial Production YoY 0.10 -0.10 percent Jun 2026
Industrial Production MoM 0.00 0.30 percent Jun 2026
Industrial Sentiment -5.30 -6.10 points Aug 2026
Manufacturing Production 0.20 -0.10 percent Jun 2026
Mining Production -4.00 -1.80 percent Jun 2026
Services Sentiment 5.80 5.10 points Aug 2026
ZEW Economic Sentiment Index 31.40 23.40 points Aug 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 Continues to Grow
The S&P Global Eurozone Services PMI was inched down to 51.6 in August of 2026 from 51.7 in the previous month, revised marginally lower from the flash estimate of 51.7 but still remaining close to the initial market expectations of 51.5. The result consolidated the recovery in the Eurozone's services sector after the war in the Middle East triggered a surge in energy prices that resulted in PMI contractions in the three months to June. New orders grew as domestic demand in respective bloc countries outpaced export orders. New business levels rose more than those of output, even though firms continued to deplete their backlogs. The mark of resilience in demand drove companies to raise employment the most in eight months. Still, input costs rose to three-month highs as wholesale energy costs regained traction in the period.
2026-09-03
Eurozone Services Activity Remains Strong in August
The S&P Global Eurozone Services PMI was unchanged at 51.7 in August 2026, slightly above market expectations of 51.5, according to flash estimates. The reading remained at its highest level since February, with rising tourism spending helping to support economic growth, particularly outside France and Germany, where the region recorded its fastest pace of services growth in more than three years. New export orders remained stable, while service providers also increased the pace of job creation during the month. Regarding prices, input costs rose at a slightly faster pace than in July, while the increase in output prices moderated, potentially marking the joint-lowest rate so far this year, alongside March. However, business confidence in the sector weakened, suggesting that firms were cautious about the year-ahead outlook.
2026-08-21
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