The IHS Markit Germany Services PMI edged up to 55.6 in June 2019 from 55.4 in the previous month, beating market consensus of 55.4, a preliminary estimate showed. The reading pointed to the fastest expansion in the service sector since April, with a strong rate of expansion in activity that was the second-fastest in nine months. On the price front, input costs rose at the slowest rate since March 2018 but output prices were raised at a slightly stronger rate. Looking ahead, sentiment weakened, as a number of firms reported that they expected a wider economic slowdown. Services PMI in Germany is reported by Markit Economics.

Services PMI in Germany is expected to be 55.90 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Germany to stand at 52.30 in 12 months time. In the long-term, the Germany Services PMI is projected to trend around 54.00 Index Points in 2020, according to our econometric models.

Germany Services PMI
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Germany Business Last Previous Highest Lowest Unit
Business Confidence 97.40 97.90 109.80 79.90 Index Points [+]
Services PMI 55.60 55.40 60.30 41.30 Index Points [+]
Manufacturing PMI 45.40 44.30 63.30 32.00 [+]
Composite Pmi 52.60 52.60 59.00 50.20 Index Points [+]
Industrial Production -1.80 -0.90 15.30 -21.80 percent [+]
Industrial Production Mom -1.90 0.50 4.00 -6.90 percent [+]
Manufacturing Production -3.40 -2.10 15.50 -24.10 percent [+]
Capacity Utilization 85.40 86.30 88.70 70.20 percent [+]
New Orders 102.50 102.00 113.50 8.80 Index Points [+]
Factory Orders 0.30 0.80 27.10 -15.70 percent [+]
Changes in Inventories -3.37 3.08 10.85 -11.30 EUR Billion [+]
Bankruptcies 1582.00 1579.00 3755.00 416.00 Companies [+]
Corporate Profits 192.10 193.12 202.12 91.05 EUR Billion [+]
Zew Economic Sentiment Index -21.10 -2.10 89.60 -63.90 [+]
Car Production 445700.00 414300.00 583399.00 265542.00 Units [+]
Car Registrations 332962.00 310715.00 552865.00 43460.00 [+]
Internet Speed 15298.72 14588.37 15298.72 3207.62 KBps [+]
IP Addresses 38794861.00 38344874.00 38794861.00 18134106.00 IP [+]
Mining Production -15.90 -13.60 46.60 -30.40 percent [+]
Steel Production 3358.31 3675.00 4744.00 907.00 Thousand Tonnes [+]
Competitiveness Index 82.84 82.64 82.84 5.37 Points [+]
Competitiveness Rank 3.00 3.00 7.00 3.00 [+]
Corruption Index 80.00 81.00 82.70 73.00 Points [+]
Corruption Rank 11.00 12.00 20.00 10.00 [+]
Ease of Doing Business 24.00 20.00 27.00 14.00 [+]


Germany Services PMI

The Germany Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of over 500 companies based in the German service sector. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides the latest reported value for - Germany Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Services PMI - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
55.60 55.40 60.30 41.30 2007 - 2019 Index Points Monthly




Country Last Previous
Australia 52.50 May/19
Brazil 47.80 May/19
China 52.70 May/19
Euro Area 53.40 Jun/19
France 53.10 Jun/19
Germany 55.60 Jun/19
India 50.20 May/19
Italy 50.00 May/19
Japan 51.70 May/19
Russia 52.00 May/19
Spain 52.80 May/19
United Kingdom 51.00 May/19
United States 50.70 Jun/19


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