The IHS Markit Germany Services PMI was revised lower to 49.9 in April of 2021 from a preliminary of 50.1 and down from 51.5 in March, pointing to a broad stagnation in overall services activity as businesses were constrained by tighter lockdown measures. Inflows of new business across the service sector as a whole fell at a slightly faster rate and new business from abroad also fell further, albeit with waning momentum. Employment rose for the tenth consecutive month and the pace of job creation accelerated to the quickest since January 2020. On the price front, the rate of input price inflation moved further above the historical average to a two-year high; and firms raised charges for the second month running and to the greatest extent since February 2020 as they to offset protect margins. Expectations towards future activity also softened, though the degree of optimism was still strong by historical standards, thereby helping to support a continued recovery in employment. source: Markit Economics

Services PMI in Germany averaged 52.64 points from 2007 until 2021, 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 May of 2021.

Services PMI in Germany is expected to be 54.70 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 53.60 in 12 months time. In the long-term, the Germany Services PMI is projected to trend around 54.50 points in 2022 and 54.00 points in 2023, according to our econometric models.

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Germany Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.90 51.50 60.30 16.20 2007 - 2021 points Monthly


News Stream
Germany Services PMI Revised Lower
The IHS Markit Germany Services PMI was revised lower to 49.9 in April of 2021 from a preliminary of 50.1 and down from 51.5 in March, pointing to a broad stagnation in overall services activity as businesses were constrained by tighter lockdown measures. Inflows of new business across the service sector as a whole fell at a slightly faster rate and new business from abroad also fell further, albeit with waning momentum. Employment rose for the tenth consecutive month and the pace of job creation accelerated to the quickest since January 2020. On the price front, the rate of input price inflation moved further above the historical average to a two-year high; and firms raised charges for the second month running and to the greatest extent since February 2020 as they to offset protect margins. Expectations towards future activity also softened, though the degree of optimism was still strong by historical standards, thereby helping to support a continued recovery in employment.
2021-05-05
German Services Activity Stalls in April
The IHS Markit Germany Services PMI dropped to 50.1 in April 2021, from 51.5 in the previous month and below market consensus of 50.8, a preliminary estimate showed. The latest reading suggested business activity across the service sector stalled, due to the impact of the pandemic and stricter lockdown measures. Inflows of new business were down for the seventh month in a row and at a slightly quicker rate than in March, while the pace of job creation remained solid overall and the quickest seen since before the pandemic, amid reports of some firms planning for higher activity in the coming months. On the price front, input cost inflation was the strongest for two years, while charges among services firms rose only modestly, with price increases limited by the ongoing weakness in demand across the sector. Looking ahead, business confidence weakened in April.
2021-04-23
Germany Services PMI Revised Higher
The IHS Markit Germany Services PMI was revised higher to 51.5 in March of 2021 from a preliminary of 50.8, pointing to the first increase in services activity in 6 months, helped by the easing of lockdown measures and recovering confidence among clients. Underlying demand remained subdued but did show signs of stabilising towards the end of the first quarter, with inflows of new work falling at the slowest rate in the current six-month sequence of contraction. A lack of new business from abroad remained a drag on overall demand, with the pandemic continuing to disrupt international sales across all parts of the private sector services economy. The pace of job creation even gathered pace slightly, though it remained modest compared to the trend seen prior to the pandemic. Meanwhile, firms' expectations for activity meanwhile hit a three-year high, amid hopes that progress in the vaccine rollout would allow restrictions to be lifted further in the coming months.
2021-04-07
Germany Services Activity Returns to Growth
The IHS Markit Germany Services PMI increased to 50.8 in March of 2021, above forecasts of 46.2, flash estimates showed. The reading pointed to the first increase in services activity in six months, as coronavirus lockdown measures were partially eased. New work moved closer to stabilisation, falling at the slowest rate in the current six-month sequence of decline, but continued to be undermined by a lack of demand from international clients. Job creation accelerated to its quickest since June 2019 and price pressures also increased. Input price inflation was the highest in 14 months and output prices rose for the first time in 3 months. Finally, business confidence was the strongest since March of 2018 although most responses to get the PMI were collected prior to the announcement of an extension to lockdown measures.
2021-03-24

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.