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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone S&P Global Services PMI fell to 51.7 Points in October 2026
FMPMonthlyReleased October 2026
Eurozone S&P Global Services PMI fell to 51.7 Points in October 2026, down 1.3 Points from September's 53 Points reading. The reading matched the 52.5 Points consensus. Over the past 3 months, S&P Global Services PMI averaged 52.2 Points, vs 48.44 Points in the prior 3-month window. The reading is in the 75th percentile of the trailing 24-month range.
Latest Release
51.7
Actual
52.5
Consensus
53
Previous
Median Absolute Error
±0.73
across last 12 releases
Last Call
Oct 2026
Predicted: 52.67
Actual: 51.7
Error: +0.97
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
S&P Global Services PMI (European Union) was reported at 51.70 Points in September 2026. This missed the market consensus of 52.50 Points by 0.80 Points. The reading fell from the previous value of 53.00 Points. Over the past 12 months, the indicator has averaged 50.63 Points, ranging from 46.40 Points to 53.00 Points across 12 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 52.57 Points, up from the prior three at 51.67 Points.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.73 Points.
WHAT TO WATCH NEXT
The next release is scheduled for November 23, 2026. Same-country events in the next 14 days include CFTC EUR speculative net positions (Oct 30) and Inflation Rate YoY (Nov 4).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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S&P Global Services PMI - EU
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About S&P Global Services PMI — European Union
DEFINITION
The S&P Global Services PMI is a widely recognized financial indicator that measures the performance of the global services sector. It provides valuable insights into the health and growth of the services industry, which accounts for a significant portion of the global economy. This indicator is based on a monthly survey of purchasing managers in key service sectors, providing timely and reliable data on business activity, new orders, employment, and prices. The S&P Global Services PMI is a crucial tool for investors, businesses, and policymakers in making informed decisions and assessing 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 (Oct 2026): actual 51.7 Points, consensus 52.5 Points. Prior reading (Sep 2026): 53 Points. Before that (Sep 2026): 53 Points.
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 tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - EU Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | EU | Industrial Sentiment | -3.4 | -3.9 | -3.8 | -3.60 | Low |
| 10:00 | EU | Consumer Inflation Expectation | 33.9 | 34.7 | 38 | 35.95 | Low |
| 10:00 | EU | Selling Price Expectations | 24.8 | 20.8 | 22 | 23.40 | Low |
| 10:00 | EU | Services Sentiment | 5.3 | 5.9 | 5.9 | 5.60 | Low |
| 10:00 | EU | Economic Sentiment | 96.9 | 97.5 | 97.5 | 97.20 | Medium |
| 10:00 | EU | Consumer Confidence | -17.9 | -16.8 | -17.9 | -17.90 | Low |
| 13:15 | EU | Deposit Facility Rate | 2.5 | 2.5 | 2.5 | 2.50 | High |
| 13:15 | EU | Interest Rate Decision | 2.65 | 2.65 | 2.65 | 2.65 | High |
| 13:15 | EU | Marginal Lending Rate | 2.9 | 2.9 | 2.9 | 2.90 | Low |
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | EU | GDP Growth Rate QoQ | 0.4 | 0.6 | 0.2 | 0.30 | High |