Markit services PMI (also called IHS Markit US Services PMI) is a sentiment indicator, which measures the health of the US services businesses by studying the opinion of the industry’s purchasing managers. It is one of the important leading fundamental indicators. PMI values above 50 signal expansion of economic activity. Values below 50 signal contraction of economic activity. This services PMI is reported monthly by the IHS Markit on the third business day after the month ends. Better-than-expected values have potential to push the US dollar up. Worse-than-expected values usually bear negative effect on the USD. Normally, Markit services PMI is released as a preliminary (or flash) estimate on the fourth week of the month. Then, on the first week of the next month, the final revision is released.
The blog posts below feature descriptions of the Markit services PMI reports released since 2015.
It is somewhat similar to the ISM services PMI.
Note: Do not confuse this indicator with Markit manufacturing PMI.
2021
- EUR/USD Continues to Decline amid Coronavirus Fears
- EUR/USD Falls Despite Worse-than-Expected US Employment, Trims Losses After Mixed Services Data
- EUR/USD Rises on Positive Eurozone PMIs
- EUR/USD Falls, Ignores Amazing US Employment
- EUR/USD Moves in Range After Markit PMI Releases
- EUR/USD Declines, Unfazed by US Reports
2020
- EUR/USD Whipsaws, Settles Higher
- EUR/USD Rallies, Ignoring US Data
- EUR/USD Rallies on COVID-19 Vaccine News, Falls After US PMIs
- EUR/USD Flat as Markets Wait for Election Results
- EUR/USD Heads to Weekly Gain
- EUR/USD Mildly Higher on Risk Appetite, Capped by ECB Monetary Stimulus Outlook
- EUR/USD Continues to Decline on Coronavirus Fears, Disappointing Eurozone Indicators
- EUR/USD Rebound After Falling on Thursday
- EUR/USD Drops on Brexit Deadlock, Poor Eurozone PMIs
- EUR/USD Rallies, Continues Advance After ADP Employment Misses Expectations by Wide Margin
- EUR/USD Gets Support from Improving US Fundamentals
- EUR/USD Rises During Session Light on Economic Data
- EUR/USD Rallies on Positive Eurozone PMIs
- EUR/USD Climbs amid Investors’ Optimism
- EUR/USD Retreats as Initial Jobless Claims Continue to Decline, PMIs Beat Expectations
- EUR/USD Drops After German Court’s Ruling on ECB Bond Buying
- EUR/USD Falls, Reacting to PMI Releases
- EUR/USD Weakens as Coronavirus Takes Its Toll on US Employment
- US Services PMI Drops to Record Low, EUR/USD Gains
- EUR/USD Retreats After FOMC-Inspired Rally
- EUR/USD Trades Lower as Coronavirus Panic Persists
- EUR/USD Sinks, Extends Decline After Positive US Data
- EUR/USD Fails to Get Boost from Eurozone PMIs
- EUR/USD Sinks After Positive Data in Both USA & Eurozone
2019
- EUR/USD Seesaws During Tuesday’s Trading
- EUR/USD Surges on ADP Employment Miss, Loses Gains Later
- EUR/USD Retreats After Rally, Dragged Down by PMIs
- EUR/USD Declines on US-China Trade Optimism
- EUR/USD Retreats After Rallying Intraday
- EUR/USD Rises amid Fears of Slowing US Economic Growth
- EUR/USD Drops on Extremely Disappointing Eurozone PMIs
- EUR/USD Rises Despite Improving US Employment, Reverses Movement After ISM Services PMI
- EUR/USD Remains Volatile After Eurozone PMIs, ECB Meeting Minutes
- EUR/USD Rallies amid Escalating US-China Trade Tensions
- EUR/USD Drops After Weak Eurozone PMIs
- EUR/USD Flat After ADP Employment Misses Expectations
- EUR/USD Rallies on Markit PMIs
- EUR/USD Retreats After Surging on Atrocious ADP Report
- US & Eurozone Data Poor; EUR/USD Dips, Attempts to Rebound Later
- EUR/USD Volatile After NFP, Decides to Go Higher After All
- EUR/USD Sinks After European PMIs
- EUR/USD Gains on Positive Market Sentiment, Ignores US Data
- EUR/USD Sinks After Terrible Data in Eurozone
- EUR/USD Falls on US Treasury Yields, Positive US Economic Data
- EUR/USD Volatile After Torrent of Economic Releases
- EUR/USD Falls Despite Poor US Services PMIs
- EUR/USD Dragged Down by Dovish Draghi
- EUR/USD Experienced Great Volatility on Upbeat US Data
2018
- EUR/USD Tanks, Hurt by Weak Economic Data in Eurozone & China
- EUR/USD Rallies, Supported by US Employment Data Miss
- EUR/USD Bounces Ahead of Midterm Elections
- EUR/USD Dips as Eurozone Macroeconomic Data Disappoints
- EUR/USD Gives Up Gains Caused by News About Italian Budget
- EUR/USD Rises During Tuesday’s Trading
- EUR/USD Flat After ADP Employment Missed Expectations
- EUR/USD Halts Rally After Five Days of Gains
- EUR/USD Volatile After NFP, Stabilizes Above Opening Level
- EUR/USD Bounces amid Mixed Data
- EUR/USD Gets Boost from Underwhelming US Employment
- EUR/USD Rallies After Intraday Drop
- EUR/USD Slips After US Services Data
- EUR/USD Remains Subdued After FOMC Minutes
- EUR/USD Attempts to Rally on Profit-Taking, Fails
- EUR/USD Down for Third Day as US Treasury Yield Surges
- EUR/USD Rises on Mixed US Data, Trade Wars Escalation
- EUR/USD Fails to Maintain FOMC-Infused Rally
- EUR/USD Recovers from Intraday Drop
- EUR/USD Rebounds Sharply After FOMC Minutes
- EUR/USD Reverses Earlier Gains, Halts Decline After US Services Sector Data
- EUR/USD Rises to Highest in Three Years
- EUR/USD Sticks to Gains Following ADP Employment Report
2017
- EUR/USD Drops After Release of Solid US Economic Reports
- EUR/USD Drops Despite Slowing US Services Sector
- EUR/USD Erases Gains After US New Home Sales Data
- EUR/USD Unable to Rally on Back of Poor US NFP
- EUR/USD Stable After Economic Releases
- EUR/USD Shows Muted Reaction to US Data
- EUR/USD Drifts Closer to Opening After Strong Start of Session
- EUR/USD Little Changed as Traders Assess Chances of Rate Hike
- EUR/USD Reverses Movement Yet Again
- EUR/USD Falls as ISM Services PMI Trails Forecasts
- EUR/USD Slips, Remains Near Highest Since August 2015
- EUR/USD Rallies, Extends Move Up After ADP Employment
- EUR/USD Rallies After Markit PMIs Miss Expectations
- EUR/USD Drops Even as US Services Sector Fails to Meet Expectations
- EUR/USD Goes Higher After FOMC Minutes
- EUR/USD Down After Fed & Set of Solid US Indicators
- US Existing Home Sales Pace Highest Since 2007, EUR/USD Falls
- EUR/USD Bounces After FOMC Releases Minutes of Policy Meeting
- EUR/USD Climbs After Release of PMIs from Eurozone
- EUR/USD Bounces, Erasing Weekly Loss
- EUR/USD Slides amid Fed Tightening Talks
- EUR/USD Edged Higher After Wage Inflation Misses Expectations
- EUR/USD Slides amid Trump Worries
- EUR/USD Rises on Negative US Employment Expectations
2016
- EUR/USD Stable After Halting Decline
- EUR/USD Swings Down Then Up After Italy’s Referendum
- EUR/USD Rebounds on Black Friday
- EUR/USD Halts Rally After Two Days of Gains
- Dollar Falls vs. Euro, Decline Limited
- EUR/USD Flat After ADP Employment Disappoints
- EUR/USD Ends Four-Day Rally
- EUR/USD Edges Higher Ahead of Jackson Hole & Yellen’s Speech
- EUR/USD Drops After ADP Report
- EUR/USD Resumes Decline After Good New Home Sales Data
- EUR/USD Bounces from Initial Decline
- EUR/USD Up 1.6% After NFP Shock Market
- EUR/USD Sticks Head Up, Probing for Rally
- EUR/USD Trades Mostly Sideways
- EUR/USD Rides on Poor Data Coming from USA
- EUR/USD Drops After US Services Data, Attempts to Recover
- Fifth Day of Losses for EUR/USD
- Poor US Data Drives EUR/USD Higher Even as ECB Policy Meeting Looms
- EUR/USD Avoids Another Session of Losses, For Now
- Weak Services Data Leads to Crash of USD vs. Euro
- EUR/USD Flat as Traders Wait for Fed
- Dollar Down vs. Euro as Fed Policy Minutes Look Dovish
2015
- EUR/USD Jumps 3% After ECB
- EUR/USD Falls, Losses Limited
- EUR/USD Sinks as Yellen Talks About December Hike
- EUR/USD Flat, Waiting for FOMC Decision
- EUR/USD Fails to Extend Friday’s Rally
- EUR/USD Falls After Yellen’s Comments, Trims Losses Later
- Mario Draghi Sends EUR/USD into Sharp Decline
- EUR/USD Slips Back After Huge Jump
- Mixed Reports Bring Volatility to EUR/USD
- EUR/USD Fails to Rally on FOMC Statement
- EUR/USD Bounces After Opening Sharply Lower
- Uncertainty About Greek Bailout Results in Volatile Trading for EUR/USD
- EUR/USD Halts Rally After US Jobless Claims
- EUR/USD Hits Monthly Low
- EUR/USD Rises, Halts Rally Upon PMI Release
- EUR/USD Ticks Up During Quiet Trading
- Dollar’s Weakness Extends into New Week