Services business activity index. UK, 10:30 (GMT+2) 05 Jun

05Jun.202409:30

Services business activity index. UK, 10:30 (GMT+2)

At 10:30 (GMT+2), the UK Services PMI for May is due, based on a survey of supply managers at non-manufacturing enterprises in the country, assessing the respondents’ attitude to the current economic situation. It may fall from 55.0 points to 52.9 points and the composite value from 54.1 points to 52.8 points.

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05 Jun. 2024 08:55

Services business activity index. Germany, 09:55 (GMT+2)

At 09:55 (GMT+2), the May German services PMI is due. The indicator is based on a survey of purchasing managers of non-manufacturing enterprises. At the same time, their attitude to the current economic situation and prospects for further development is assessed. It may rise from 53.2 points to 53.9 points, and the composite PMI from 50.6 points to 52.2 points, supporting the euro.

05 Jun. 2024 10:00

Producer price index. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), April data on the producer price index in the EU is due. The indicator reflects the change in the price of goods at the wholesale level (considering raw materials, semi-finished products, and finished goods). An increase in the value contributes to the growth of consumer inflation in the region. It may change from –0.4% to –0.5% MoM, putting pressure on the euro.

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