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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone S&P Global Services PMI fell to 51.6 Points in August 2026
FMPMonthlyReleased September 2026
Eurozone S&P Global Services PMI fell to 51.6 Points in August 2026, released September 2026, down 0.1 Points from July's 51.7 Points reading. The reading matched the 51.7 Points consensus. Over the past 3 months, S&P Global Services PMI averaged 50.98 Points, vs 48.23 Points in the prior 3-month window.
Latest Release
51.6
Actual
51.7
Consensus
51.7
Previous
Median Absolute Error
±0.85
across last 12 releases
Last Call
Sep 2026
Predicted: 52.01
Actual: 51.6
Error: +0.41
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/GBP | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.30 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Services PMI (European Union) was reported at 51.60 Points in August 2026. This missed the market consensus of 51.70 Points by 0.10 Points. The reading fell from the previous value of 51.70 Points. Over the past 12 months, the indicator has averaged 49.98 Points, ranging from 46.40 Points to 51.70 Points across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 51.67 Points, up from the prior three at 49.40 Points.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/GBP (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.85 Points.
WHAT TO WATCH NEXT
The next release is scheduled for September 23, 2026. Same-country events in the next 14 days include Balance of Trade (Sep 15) and ZEW Economic Sentiment Index (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update September 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 (Aug 2026): actual 51.6 Points, consensus 51.7 Points. Prior reading (Aug 2026): 51.7 Points. Before that (Jul 2026): 51.7 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 neutral force in the current projection.
Σ
EXPECTED ZONE
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Economic Calendar - EU Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | EU | Balance of Trade | 8.6 | 3.7 | 3.70 | Medium | |
| 09:00 | EU | ZEW Economic Sentiment Index | 31.4 | 39.9 | 48.25 | Medium | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | EU | Industrial Production MoM | 0 | -0.4 | -0.40 | Medium | |
| 09:00 | EU | Industrial Production YoY | 0.1 | -0.3 | -0.30 | Low | |
| 09:00 | EU | Wage Growth YoY | 3.4 | 3.2 | 3.45 | Low | |
| 09:00 | EU | Labour Cost Index YoY | 3 | 3.2 | 3 | 2.98 | Low |