New data HCOB Services PMI (Oct)
11/6/2024
actual 49.2, previous 49.6
The event is the release of the Services Purchasing Managers' Index (PMI) for France for the month of October. The actual value reported is 49.2, which is a decrease of 0.4 from the previous value of 49.6. The Services PMI is an important economic indicator that provides insight into the performance of the services sector in the country.With an impact level of "High," this event is likely to have a significant effect on the market, especially for the Euro (EUR) currency. The actual value of 49.2 is slightly higher than the estimated value of 48.3, but still indicates a contraction in the services sector as it is below the 50 threshold.
Overall, this event suggests a slight decline in the services sector in France for the month of October, which could have implications for the overall economic performance of the country.
This is not investment advice. Remember to verify the information provided here.
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