The IHS Markit Germany Services PMI was revised higher to 51.5 in March of 2021 from a preliminary of 50.8, pointing to the first increase in services activity in 6 months, helped by the easing of lockdown measures and recovering confidence among clients. Underlying demand remained subdued but did show signs of stabilising towards the end of the first quarter, with inflows of new work falling at the slowest rate in the current six-month sequence of contraction. A lack of new business from abroad remained a drag on overall demand, with the pandemic continuing to disrupt international sales across all parts of the private sector services economy. The pace of job creation even gathered pace slightly, though it remained modest compared to the trend seen prior to the pandemic. Meanwhile, firms' expectations for activity meanwhile hit a three-year high, amid hopes that progress in the vaccine rollout would allow restrictions to be lifted further in the coming months. source: Markit Economics

Services PMI in Germany averaged 52.66 points from 2007 until 2021, 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 April of 2021.

Services PMI in Germany is expected to be 54.70 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 53.60 in 12 months time. In the long-term, the Germany Services PMI is projected to trend around 54.50 points in 2022 and 54.00 points in 2023, according to our econometric models.

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Germany Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.50 45.70 60.30 16.20 2007 - 2021 points Monthly


News Stream
Germany Services PMI Revised Higher
The IHS Markit Germany Services PMI was revised higher to 51.5 in March of 2021 from a preliminary of 50.8, pointing to the first increase in services activity in 6 months, helped by the easing of lockdown measures and recovering confidence among clients. Underlying demand remained subdued but did show signs of stabilising towards the end of the first quarter, with inflows of new work falling at the slowest rate in the current six-month sequence of contraction. A lack of new business from abroad remained a drag on overall demand, with the pandemic continuing to disrupt international sales across all parts of the private sector services economy. The pace of job creation even gathered pace slightly, though it remained modest compared to the trend seen prior to the pandemic. Meanwhile, firms' expectations for activity meanwhile hit a three-year high, amid hopes that progress in the vaccine rollout would allow restrictions to be lifted further in the coming months.
2021-04-07
Germany Services Activity Returns to Growth
The IHS Markit Germany Services PMI increased to 50.8 in March of 2021, above forecasts of 46.2, flash estimates showed. The reading pointed to the first increase in services activity in six months, as coronavirus lockdown measures were partially eased. New work moved closer to stabilisation, falling at the slowest rate in the current six-month sequence of decline, but continued to be undermined by a lack of demand from international clients. Job creation accelerated to its quickest since June 2019 and price pressures also increased. Input price inflation was the highest in 14 months and output prices rose for the first time in 3 months. Finally, business confidence was the strongest since March of 2018 although most responses to get the PMI were collected prior to the announcement of an extension to lockdown measures.
2021-03-24
Germany Services PMI Revised Slightly Lower
The IHS Markit Germany Services PMI was revised slightly lower to 45.7 in February of 2021 from a preliminary of 45.9 and 46.7 in January. The reading pointed to the 5th consecutive month of contraction in the services sector and the steepest since May due to the coronavirus lockdown. Business activity fell in almost all sub-sectors and growth was seen in transport and storage only. A further marked contraction in new business from abroad was a contributing factor. In contrast, employment rose slightly and cost pressures were relatively muted. Also, firms remained highly optimistic about the year-ahead outlook, enthused by the prospect of the removal of restrictions as vaccines are rolled out. The overall degree of confidence stayed close to January's near two-year high and was comfortably above the historical series average.
2021-03-03
German Service Sector Contracts the Most in 9 Months
The IHS Markit Germany Services PMI declined to 45.9 in February 2021 from 46.7 in the previous month and below market forecasts of 46.5, a preliminary estimate showed. The latest reading signaled the fastest decline in services output since May last year, as coronavirus-induced lockdown measures continued to weigh on activity. Inflows of new business dropped for the fifth month in a row, and at the quickest rate in this sequence, amid slow decision-making among clients as well as disruption from forced closures and travel restrictions. The outstanding business was down for a 19th straight period, while employment increased for the eighth month. On the price front, service sector costs rose relatively mildly.
2021-02-19

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.