The IHS Markit Germany Services PMI was revised higher to 52.5 in August 2020 from a preliminary estimate of 50.8, still below July's final reading of 55.6. The latest figure pointed to a sharp slowdown in the service sector activity, as growth slowed in the Hotels & Restaurants and 'Other Services' sub-sectors amid a resurgence in COVID-19 cases, while the dominant Renting & Business Activities category fell back into contraction. Inflows of new work rose at a slower pace led by a steep and accelerated decrease in new export business. At the same time, employment rose only fractionally and more slowly than in July, while business confidence weakened. Turning to prices, input costs rose the most since February, while average charges levied by services firms continued to fall.

Services PMI in Germany averaged 52.85 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 September of 2020. source: Markit Economics

Services PMI in Germany is expected to be 52.90 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 54.70 in 12 months time. In the long-term, the Germany Services PMI is projected to trend around 53.00 points in 2021 and 54.00 points in 2022, according to our econometric models.

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Germany Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
52.50 55.60 60.30 16.20 2007 - 2020 points Monthly


News Stream
German Service Activity Growth Slows in August
The IHS Markit Germany Services PMI was revised higher to 52.5 in August 2020 from a preliminary estimate of 50.8, still below July's final reading of 55.6. The latest figure pointed to a sharp slowdown in the service sector activity, as growth slowed in the Hotels & Restaurants and 'Other Services' sub-sectors amid a resurgence in COVID-19 cases, while the dominant Renting & Business Activities category fell back into contraction. Inflows of new work rose at a slower pace led by a steep and accelerated decrease in new export business. At the same time, employment rose only fractionally and more slowly than in July, while business confidence weakened. Turning to prices, input costs rose the most since February, while average charges levied by services firms continued to fall.
2020-09-03
German Services Growth Weaker than Forecast
The IHS Markit Germany Services PMI fell to 50.8 in August 2020 from 55.6 in the previous month and well below market expectations of 55.1, a preliminary estimate showed. The latest reading pointed to a sharp slowdown in the service sector activity, mainly due to a steeper decline in new business from abroad and a continued contraction in employment. On the price front, there was a marginal fall in service providers’ charges, while operating expenses increased for the first time in six months. Looking ahead, business confidence deteriorated in August.
2020-08-21
Germany Services PMI Revised Lower
The IHS Markit Germany Services PMI was revised lower to 55.6 in July 2020 from a preliminary estimate of 56.7 but above June’s 47.3. The latest reading pointed to the steepest expansion in the services sector since June last year, as more businesses restarted operations following the COVID-19 lockdown. New orders rose and ended a sequence of decline that began in March, mainly driven by the domestic market. Also, employment increased marginally and for the first time in five months. Meantime, export sales continued to drop albeit at a softer pace. On the price front, input prices fell at the slower rate in three months while output charges rose as firms showed less willingness to reduce charges. Finally, sentiment improved to a six-month high boosted by hopes of further relaxation of COVID-related restrictions and an associated pick-up in demand.
2020-08-05
German Services Expand the Most in 30 Months
The IHS Markit Germany Services PMI climbed to 56.7 in July 2020 from 47.3 in the previous month and well above market expectations of 50.5, a preliminary estimate showed. The latest reading pointed to the steepest month of expansion in the service sector since January 2018 as more businesses restarted operations following the COVID-19 lockdown. New business fell at the slowest pace since January, while employment continued to contract at a marked rate. On the price front, service providers reported higher operating expenses for a second straight month, while average charges dropped slightly. Looking ahead, business confidence improved in July.
2020-07-24

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.