The IHS Markit Germany Services PMI fell to 51.8 in December 2018, below a preliminary estimate of 52.5 and November's final 53.3. The latest reading pointed to the weakest pace of expansion in the service sector since September 2016 as new business growth softened to a seven-month low due to a further fall in the level of new export business. In addition, the level of outstanding business at German service providers declined for the first time in ten months and the pace of job creation slowed for the third month running, down further from a near 11-year high in September. On the price front, input cost inflation eased from the seven-and-a-half year high seen in November and output prices rose at faster pace. Looking ahead, business confidence regarding the outlook for activity dropped to the lowest in over three years as concerns grew in relation to a slowdown in the economy, geopolitical uncertainties and volatility in financial markets. 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 54.20 in 12 months time. In the long-term, the Germany Services PMI is projected to trend around 53.30 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 101.00 102.00 109.80 80.20 Index Points [+]
Services PMI 51.80 53.30 60.30 41.30 Index Points [+]
Manufacturing PMI 51.50 51.80 63.30 32.00 [+]
Composite Pmi 51.60 52.30 59.00 50.20 Index Points [+]
Industrial Production -4.70 0.50 15.30 -21.80 percent [+]
Industrial Production Mom -1.90 -0.80 4.00 -6.90 percent [+]
Manufacturing Production -4.90 0.90 15.50 -24.10 percent [+]
Capacity Utilization 87.10 87.70 88.70 70.20 percent [+]
New Orders 106.30 107.60 113.80 8.80 Index Points [+]
Factory Orders -1.00 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 192.30 201.20 201.20 91.05 EUR Billion [+]
Zew Economic Sentiment Index -17.50 -24.10 89.60 -63.90 [+]
Car Production 296000.00 450500.00 583399.00 265542.00 Units [+]
Car Registrations 237058.00 272674.00 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 -9.10 -7.90 46.60 -30.40 percent [+]
Steel Production 3450.00 3600.00 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 81.00 81.00 82.70 73.00 Points [+]
Corruption Rank 12.00 10.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.80 53.30 60.30 41.30 2007 - 2018 Index Points Monthly




Country Last Previous
Australia 52.10 Dec/18
Brazil 51.90 Dec/18
China 53.90 Dec/18
Euro Area 51.20 Dec/18
France 49.00 Dec/18
Germany 51.80 Dec/18
India 53.20 Dec/18
Italy 50.50 Dec/18
Japan 51.00 Dec/18
Russia 54.40 Dec/18
Spain 54.00 Dec/18
United Kingdom 51.20 Dec/18
United States 54.40 Dec/18


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