The IHS Markit Germany Services PMI was revised lower to 47 in December of 2020 from a preliminary of 47.7 but was higher than 46 in November. Still, the reading pointed to the third consecutive month of falling services activity due to ongoing lockdown measures to curb the spread of the coronavirus. Though still solid, the decline in activity was slightly slower than in November and largely confined to consumer-facing sectors. Activity shrank sharply in hotels and restaurants and 'other services', including leisure and recreation. Meanwhile, business confidence towards the year-ahead outlook meanwhile edged higher, with service providers' optimism reflected in a further slight rise in employment. source: Markit Economics
Services PMI in Germany averaged 52.74 points from 2007 until 2020, reaching an all time high of 60.30 points in January of 2011 and a record low of 16.20 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Services PMI in Germany is expected to be 52.00 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 53.00 in 12 months time. In the long-term, the Germany Services PMI is projected to trend around 53.00 points in 2022 and 54.00 points in 2023, according to our econometric models.