PURCHASING MANAGER INDEX SERVICES
The PMI service released by the Markit Economic is an indicator of the economic situation in the Euro Zone services sector. It captures an overview of the condition of sales and employment. It is worth noting that the service sector does not influence, either positively or negatively, the GDP as much as the PMI manufacturing does.
It can also be defined as an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.