The IHS Markit Germany Services PMI rose to 55.6 in April 2019 from 55.4 in the previous month and above market consensus of 55.1, a preliminary estimate showed. The latest reading pointed to the strongest pace of expansion in the service sector since September last year, as new orders growth accelerated, despite a decline in new work from abroad. In addition, employment increased at faster pace and outstanding business rose slightly. Looking ahead, sentiment in the service sector eased to the weakest since January. Services PMI in Germany is reported by Markit Economics.

Services PMI in Germany is expected to be 51.50 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 99.60 98.70 109.80 79.70 Index Points [+]
Services PMI 55.60 55.40 60.30 41.30 Index Points [+]
Manufacturing PMI 44.50 44.10 63.30 32.00 [+]
Composite Pmi 52.10 51.40 59.00 50.20 Index Points [+]
Industrial Production -0.40 -2.70 15.30 -21.80 percent [+]
Industrial Production Mom 0.70 0.00 4.00 -6.90 percent [+]
Manufacturing Production -1.70 -3.10 15.50 -24.10 percent [+]
Capacity Utilization 86.30 87.10 88.70 70.20 percent [+]
New Orders 101.20 105.50 113.50 8.80 Index Points [+]
Factory Orders -4.20 -2.10 27.10 -15.70 percent [+]
Changes in Inventories 2.94 11.05 11.05 -11.34 EUR Billion [+]
Bankruptcies 1700.00 1366.00 3755.00 416.00 Companies [+]
Corporate Profits 193.03 192.30 201.89 91.05 EUR Billion [+]
Zew Economic Sentiment Index 3.10 -3.60 89.60 -63.90 [+]
Car Production 451400.00 440900.00 583399.00 265542.00 Units [+]
Car Registrations 345523.00 268867.00 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 -14.40 -16.70 46.60 -30.40 percent [+]
Steel Production 3120.00 3410.00 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 April 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 44.80 Mar/19
Brazil 52.70 Mar/19
China 54.40 Mar/19
Euro Area 52.50 Apr/19
France 50.50 Apr/19
Germany 55.60 Apr/19
India 52.00 Mar/19
Italy 53.10 Mar/19
Japan 52.00 Mar/19
Russia 54.40 Mar/19
Spain 56.80 Mar/19
United Kingdom 48.90 Mar/19
United States 52.90 Apr/19


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