Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone Services PMI climbed to 51.9 in February 2026
FMPMonthlyReleased March 2026
Eurozone Services PMI climbed to 51.9 in February 2026, released March 2026, up 0.1 from January's 51.8 reading. The reading matched the 51.8 consensus. Services PMI has now risen for 3 consecutive months. Over the past 3 months, Services PMI averaged 52.1, vs 52.5 in the prior 3-month window. The reading is in the 74th percentile of the trailing 24-month range.
Latest Release
51.9
Actual
51.8
Consensus
51.8
Previous
Median Absolute Error
±0.25
across last 12 releases
Last Call
Mar 2026
Predicted: 51.64
Actual: 51.9
Error: -0.26
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| Euro STOXX 50 | ▲ Direct | +0.61 | INDEX | Bullish Euro STOXX 50 | → View |
| DAX | ▲ Direct | +0.55 | INDEX | Bullish DAX | → View |
| S&P 500 | ▲ Direct | +0.41 | INDEX | Bullish S&P 500 | → View |
| EUR/GBP | ▲ Direct | +0.26 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Services PMI (European Union) was reported at 51.90 in March 2026. This beat the market consensus of 51.80 by 0.10. The reading rose from the previous value of 51.80. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 51.79, ranging from 50.00 to 53.60 across 16 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 51.77, down from the prior three at 52.87. Volatility over the past year (σ 0.99) is higher than the prior year (σ 0.70). In March readings over the past 3 years, Services PMI has averaged 50.97.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Euro STOXX 50 (Bullish Euro STOXX 50). A secondary relationship exists with DAX, positively correlated (Bullish DAX). Over the last 12 releases, the Sigmacast model's median absolute error is 0.25.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include ZEW Economic Sentiment Index (Jun 16) and Economic Sentiment (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
SHARE
Services PMI - EU
Loading chart data...
About Services PMI — European Union
DEFINITION
Services PMI (Purchasing Managers' Index) is a key economic indicator that measures the performance of the services sector in a country. It provides valuable insights into the health of the economy by tracking changes in business activity, new orders, employment, and prices. A high Services PMI indicates a growing services sector, while a low PMI suggests a contraction. This indicator is closely monitored by investors, policymakers, and businesses to make informed decisions and assess the overall economic outlook.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2026): actual 51.9, consensus 51.8. Prior reading (Feb 2026): 51.8. Before that (Jan 2026): 51.6.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with Euro STOXX 50 (Bullish Euro STOXX 50, r=0.61) — a useful reference for index-focused traders.