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.

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Germany Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.00 46.00 60.30 16.20 2007 - 2020 points Monthly


News Stream
Germany Services PMI Revised Down
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.
2021-01-06
Germany Services Activity Shrinks for 3rd Month
The IHS Markit Germany Services PMI increased to 47.7 in December of 2020 from 46 in November, beating market forecasts of 44, flash estimates showed. Still, the reading pointed to the third straight month of contraction in services activity as coronavirus lockdown measures, including the closure of the hospitality and leisure industries and travel restrictions, continued to weigh. With the decline in service sector new business having eased in December, the overall rate of order book growth picked up slightly. Also, employment rose at a slower pace and price pressures intensified. Finally, business confidence towards the year-ahead outlook for activity remained strongly optimistic in December
2020-12-16
Germany Services PMI Revised Slightly Lower: Markit
The IHS Markit Germany Services PMI was revised slightly lower to 46 in November of 2020 from a preliminary estimate of 46.2. The reading pointed to the sharpest contraction in services activity since May amid the introduction of new lockdown measures to combat a second wave of coronavirus infections. However, with the latest restrictions largely confined to the hospitality and leisure industries, the overall impact on activity was shown to be far less severe than during the initial lockdown in the spring. Inflows of new business likewise fell for the second month running and at the quickest rate since May. Demand from aboard was particularly weak. On a more positive note, firms' expectations for activity over the next 12 months improved sharply in November on the news of successful vaccine trials, reaching the highest since January and employment rose for the 5th month.
2020-12-03
German Services Shrink the Most in 6 Months
The IHS Markit Germany Services PMI fell to 46.2 in November of 2020 from 49.5 in October, in line with forecasts of 46.3, flash estimates showed. The reading pointed to the second consecutive fall in the activity and at the sharpest pace since May amid closures across the hospitality and leisure industry as the country entered into new lockdowns to curb the spread of coronavirus. New work shrank the most in six months linked not only to the restrictions on activity, but also hesitancy amongst clients. On the other hand, hiring increased slightly and business sentiment improved markedly, buoyed by growing hopes that an effective vaccine would bring about more normal operating conditions over the next 12 months.
2020-11-23

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.