The IHS Markit Germany Services PMI was revised lower to 51.4 in September 2019 from a preliminary estimate of 52.5 and compared to the previous month's final 54.8. The latest reading pointed to the weakest pace of expansion in the service sector since September 2016, as inflows of new business declined for the first time since December 2014, with new export business dropping the most in over five years. Outstanding business fell for the second month in a row, while employment continued to rise at a historically strong pace. On the price front, input cost inflation eased to the lowest since March 2018 and output charge inflation softened to the second-weakest seen in the past one-and-a-half years. Services PMI in Germany is reported by Markit Economics.

Services PMI in Germany is expected to be 52.00 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 52.60 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
width
height
Forecast Data Chart
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Germany Business Last Previous Highest Lowest Unit
Business Confidence 94.60 94.30 109.80 80.00 Index Points [+]
Manufacturing PMI 41.70 43.50 63.30 32.00 [+]
Services PMI 51.40 54.80 60.30 41.30 Index Points [+]
Composite Pmi 48.50 51.70 59.00 48.50 Index Points [+]
Industrial Production -4.00 -3.90 15.30 -21.80 percent [+]
Industrial Production Mom 0.30 -0.40 4.00 -6.90 percent [+]
Manufacturing Production -4.00 -4.60 15.50 -24.10 percent [+]
Capacity Utilization 83.90 85.40 88.70 70.20 percent [+]
New Orders 100.30 100.30 113.50 8.80 Index Points [+]
Factory Orders -0.60 -2.10 27.10 -15.70 percent [+]
Changes in Inventories 1.80 -1.22 11.20 -8.55 EUR Billion [+]
Bankruptcies 1644.00 1384.00 3755.00 416.00 Companies [+]
Corporate Profits 182.21 183.77 187.97 92.45 EUR Billion [+]
Zew Economic Sentiment Index -22.80 -22.50 89.60 -63.90 [+]
Car Production 415500.00 313200.00 583399.00 265542.00 Units [+]
Car Registrations 244622.00 313748.00 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 -14.50 -19.30 46.60 -30.40 percent [+]
Steel Production 3266.16 3360.00 4744.00 907.00 Thousand Tonnes [+]
Competitiveness Index 81.80 82.84 82.84 5.37 Points [+]
Competitiveness Rank 7.00 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.40 54.80 60.30 41.30 2007 - 2019 Index Points Monthly




Country Last Previous
Australia 51.50 Sep/19
Brazil 51.80 Sep/19
China 51.30 Sep/19
Euro Area 51.60 Sep/19
France 51.10 Sep/19
Germany 51.40 Sep/19
India 48.70 Sep/19
Italy 51.40 Sep/19
Japan 52.80 Sep/19
Russia 53.60 Sep/19
Spain 53.30 Sep/19
United Kingdom 49.50 Sep/19
United States 50.90 Sep/19


Related

Latest