The IHS Markit Germany Services PMI was revised higher to 54.8 in August 2019 from a preliminary estimate of 54.4 and compared to July's six-month low of 54.5. Output and employment growth remained robust, while new orders rose only modestly and at the weakest rate since January, amid an accelerated drop in new work from abroad. Consequently, backlogs of work dropped for the first time since January and the rate of depletion was the quickest since May 2016. On the price front, input costs increased steeply and at a rate that was little-changed from the month before, and average prices charged were raised accordingly. Looking ahead, business sentiment reached the lowest since October 2014 on growing worries about the economy. Services PMI in Germany is reported by Markit Economics.

Services PMI in Germany is expected to be 55.10 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 52.90 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 94.30 95.80 109.80 80.00 Index Points [+]
Services PMI 54.80 54.50 60.30 41.30 Index Points [+]
Manufacturing PMI 43.50 43.20 63.30 32.00 [+]
Composite Pmi 51.70 50.90 59.00 50.20 Index Points [+]
Industrial Production -4.20 -4.70 15.30 -21.80 percent [+]
Industrial Production Mom -0.60 -1.10 4.00 -6.90 percent [+]
Manufacturing Production -4.80 -5.60 15.50 -24.10 percent [+]
Capacity Utilization 83.90 85.40 88.70 70.20 percent [+]
New Orders 100.30 102.90 113.50 8.80 Index Points [+]
Factory Orders -2.70 2.70 27.10 -15.70 percent [+]
Changes in Inventories 1.80 -1.22 11.20 -8.55 EUR Billion [+]
Bankruptcies 1384.00 1670.00 3755.00 416.00 Companies [+]
Corporate Profits 182.21 183.77 187.97 92.45 EUR Billion [+]
Zew Economic Sentiment Index -22.50 -44.10 89.60 -63.90 [+]
Car Production 313200.00 359400.00 583399.00 265542.00 Units [+]
Car Registrations 313748.00 332788.00 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 -19.50 -20.50 46.60 -30.40 percent [+]
Steel Production 3360.00 3405.48 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.80 54.50 60.30 41.30 2007 - 2019 Index Points Monthly




Country Last Previous
Australia 51.40 Aug/19
Brazil 51.40 Aug/19
China 52.10 Aug/19
Euro Area 53.50 Aug/19
France 53.40 Aug/19
Germany 54.80 Aug/19
India 52.40 Aug/19
Italy 50.60 Aug/19
Japan 53.30 Aug/19
Russia 52.10 Aug/19
Spain 54.30 Aug/19
United Kingdom 50.60 Aug/19
United States 50.70 Aug/19


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