Services PMI. EU, 11:00 (GMT+2) 05 Mar

05Mar.202510:00

Services PMI. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), the February EU Services PMI is due, based on a survey of purchasing managers of non-manufacturing enterprises. It assesses their attitude to the current economic situation and prospects. It may fall from 51.3 points to 50.7 points, and the composite value may consolidate around 50.2 points, putting pressure on the euro.

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05 Mar. 2025 08:30

Consumer price index. Switzerland, 09:30 (GMT+2)

At 09:30 (GMT+2), Switzerland will present February data on the consumer price index, the main indicator of the inflation rate in the country and reflects the change in retail prices for a certain basket of goods and services: food, transport, utilities, and healthcare. The index has a significant impact on the decisions of the Swiss National Bank on monetary policy. It may follow that it will change from –0.1% to 0.5% MoM.

05 Mar. 2025 09:55

Services PMI. Germany, 10:55 (GMT+2)

At 10:55 (GMT+2), the February services business activity index in Germany is due, based on a survey of purchasing managers of non-manufacturing enterprises, assessing their attitude to the current economic situation and prospects. It may decrease from 52.5 points to 52.2 points and the composite value from 50.5 points to 51.0 points, supporting the euro.

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