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Eurozone August Services PMI remains steady at 51.7, surpassing expectations

Eurozone August Services PMI remains steady at 51.7, surpassing expectations

智通财经智通财经2026/08/21 08:31
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⑴ The S&P Global Eurozone August Services PMI preliminary reading remained at 51.7, slightly above the market expectation of 51.5 and the highest since February. Increased travel spending has supported economic growth, with service sector growth outside France and Germany reaching the fastest pace in over three years.⑵ Service providers accelerated their hiring pace this month. Input cost increases were slightly higher than in July, while output price increases slowed. However, business confidence in the sector weakened, indicating that companies are taking a cautious approach to the outlook over the next year.
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