HCOB Services PMI
Actual
54.2
Previous
54.3
Forecast
54.4
The Services PMI released by the S&P Global and Hamburg Commercial Bank (HCOB) is an indicator of the economic situation in Italian services sector. It captures an overview of the condition of sales and employment. Any reading above 50 signals expansion, while a reading under 50 shows contraction. Usually, a result above 50 is bullish for the Euro, whereas a result below 50 is seen as bearish.