The IHS Markit Germany Services PMI was revised lower to 54.5 in July 2019 from a preliminary estimate of 55.4 and compared to June's nine-month high of 55.8, but still signaling a marked rate of growth overall. New order inflows rose the least since February as a stronger domestic demand contrasted with a sustained downturn in new business from abroad, while employment growth eased further from April's 11-and-a-half-year peak to the weakest since January. In addition, the volume of outstanding business across the service sector was unchanged, following five consecutive months of increases. On the price front, input cost inflation remained comfortably above the historical series average, underpinned by higher fuel prices, rents and wages in particular. Looking ahead, business sentiment hit its lowest level since December 2014, amid concerns towards the economic growth outlook and the health of the car industry. 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 52.90 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 95.70 97.50 109.80 79.90 Index Points [+]
Services PMI 54.50 55.80 60.30 41.30 Index Points [+]
Manufacturing PMI 43.20 45.00 63.30 32.00 [+]
Composite Pmi 50.90 52.60 59.00 50.20 Index Points [+]
Industrial Production -5.20 -4.40 15.30 -21.80 percent [+]
Industrial Production Mom -1.50 0.10 4.00 -6.90 percent [+]
Manufacturing Production -6.10 -4.90 15.50 -24.10 percent [+]
Capacity Utilization 83.90 85.40 88.70 70.20 percent [+]
New Orders 102.90 100.20 113.50 8.80 Index Points [+]
Factory Orders 2.50 -2.00 27.10 -15.70 percent [+]
Changes in Inventories -3.37 3.08 10.85 -11.30 EUR Billion [+]
Bankruptcies 1670.00 1689.00 3755.00 416.00 Companies [+]
Corporate Profits 192.10 193.12 202.12 91.05 EUR Billion [+]
Zew Economic Sentiment Index -44.10 -24.50 89.60 -63.90 [+]
Car Production 359400.00 374700.00 583399.00 265542.00 Units [+]
Car Registrations 332788.00 325231.00 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 -19.30 -15.90 46.60 -30.40 percent [+]
Steel Production 3405.48 3470.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.50 55.80 60.30 41.30 2007 - 2019 Index Points Monthly




Country Last Previous
Australia 43.90 Jul/19
Brazil 52.20 Jul/19
China 51.60 Jul/19
Euro Area 53.20 Jul/19
France 52.60 Jul/19
Germany 54.50 Jul/19
India 53.80 Jul/19
Italy 51.70 Jul/19
Japan 51.80 Jul/19
Russia 50.40 Jul/19
Spain 52.90 Jul/19
United Kingdom 51.40 Jul/19
United States 53.00 Jul/19


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