The IHS Markit Germany Services PMI was revised slightly lower to 53 in January of 2019 from a preliminary of 53.1 but remained above 51.8 in December. However, it was still the second-lowest in the past eight months and below the average of 54.2 recorded since the current upturn began in mid-2013. New business rose only marginally and at the slowest pace for over three-and-a-half years, mainly due to a decline in new work received from abroad amid heightened uncertainty. Also, backlogs of work fell the most since May of 2016; employment remained solid although eased for the fourth month; input charges increased the most since March of 2011, partially due to wage pressures; and output prices also went up. Finally, optimism was slightly stronger in January, although confidence was still the second-weakest in over two years, amid concerns over a slowdown in the economy, Brexit and a lack of suitable candidate availability Services PMI in Germany is reported by Markit Economics.

Services PMI in Germany is expected to be 52.60 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 52.00 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 99.10 101.00 109.80 80.20 Index Points [+]
Services PMI 53.00 51.80 60.30 41.30 Index Points [+]
Manufacturing PMI 49.70 51.50 63.30 32.00 [+]
Composite Pmi 52.10 51.60 59.00 50.20 Index Points [+]
Industrial Production -3.90 -4.00 15.30 -21.80 percent [+]
Industrial Production Mom -0.40 -1.30 4.00 -6.90 percent [+]
Manufacturing Production -4.00 -4.60 15.50 -24.10 percent [+]
Capacity Utilization 86.30 87.10 88.70 70.20 percent [+]
New Orders 105.60 107.30 113.50 8.80 Index Points [+]
Factory Orders -1.60 -0.20 27.10 -15.70 percent [+]
Changes in Inventories 8.73 1.42 9.69 -11.37 EUR Billion [+]
Bankruptcies 1694.00 1490.00 3755.00 416.00 Companies [+]
Corporate Profits 192.30 201.89 201.89 91.05 EUR Billion [+]
Zew Economic Sentiment Index -13.40 -15.00 89.60 -63.90 [+]
Car Production 367300.00 296000.00 583399.00 265542.00 Units [+]
Car Registrations 265702.00 237058.00 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 -8.70 -10.10 46.60 -30.40 percent [+]
Steel Production 3230.00 3450.00 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.00 51.80 60.30 41.30 2007 - 2019 Index Points Monthly




Country Last Previous
Australia 44.30 Jan/19
Brazil 52.00 Jan/19
China 53.60 Jan/19
Euro Area 51.20 Jan/19
France 47.80 Jan/19
Germany 53.00 Jan/19
India 52.20 Jan/19
Italy 49.70 Jan/19
Japan 51.60 Jan/19
Russia 54.90 Jan/19
Spain 54.70 Jan/19
United Kingdom 50.10 Jan/19
United States 54.20 Jan/19


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