The HSBC Services PMI measures the performance of the service sector, which often accounts for the largest portion of a modern economy's GDP. The index tracks variables such as sales, employment, inventories, and prices within service-oriented firms. It is based on survey responses from senior executives in industries like finance, communication, and transport. As a leading indicator, it helps market participants gauge consumer demand and business confidence.
The index is derived from a monthly survey of purchasing managers in the services sector. Respondents are asked whether business conditions have improved, deteriorated, or stayed the same compared to the previous month.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Feb 7, 2014 | 50.70 | — | — |
| Jan 6, 2014 | 50.90 | — | — |
| Aug 5, 2013 | 51.30 | — | — |
