The IHS Markit Germany Services PMI fell to 48.9 in October of 2020 from 50.6 in September and below market expectations of 49. The reading pointed to the first contraction in the services sector in four months, amid new restrictions and heightened uncertainty due to a second wave of coronavirus cases, preliminary estimates showed. New business fell for the first time in four months, led by a sharp and accelerated fall in foreign demand. On the other hand, employment continued to increase. source: Markit Economics

Services PMI in Germany averaged 52.82 points from 2007 until 2020, 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 October of 2020.

Services PMI in Germany is expected to be 49.00 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 53.20 in 12 months time. In the long-term, the Germany Services PMI is projected to trend around 53.00 points in 2021 and 54.00 points in 2022, according to our econometric models.

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Germany Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
48.90 50.60 60.30 16.20 2007 - 2020 points Monthly


News Stream
Germany Services Sector Back to Contraction: PMI
The IHS Markit Germany Services PMI fell to 48.9 in October of 2020 from 50.6 in September and below market expectations of 49. The reading pointed to the first contraction in the services sector in four months, amid new restrictions and heightened uncertainty due to a second wave of coronavirus cases, preliminary estimates showed. New business fell for the first time in four months, led by a sharp and accelerated fall in foreign demand. On the other hand, employment continued to increase.
2020-10-23
German Services Sector Avoids Contraction
The IHS Markit Services PMI for Germany was revised higher to 50.6 in September of 2020 from a preliminary of 49.1, showing the services sector avoided a contraction. Still, the PMI fell from 52.5 in August and 55.6 in July, as the recovery from the coronavirus shutdown lost further momentum in September. The relatively weak inflow of new work was underlined by a further decrease in service sector backlogs in September. This extended the current sequence of decline to 14 months. Though sector employment was up for the third month in a row following deep cuts to payroll numbers between March and June, the rate of job shedding remained modest. Latest data pointed to a near-stabilisation in average prices charged across the service sector, following decreases in each of the previous six months. Finally, expectations towards activity also weakened slightly, though firms remained confident enough to add to workforce numbers amid steadily rising inflows of new business.
2020-10-05
German Service Activity Suffers Setback
The IHS Markit Germany Services PMI fell to 49.1 in September of 2020 from 52.5 in the previous month and well below market expectations of 53, a preliminary estimate showed. New orders grew but the increase was only modest and the slowest in three months, with demand from international clients remaining particularly subdued. Services firms meanwhile reported a further decrease in outstanding business while reporting a marginal rise in employment. Turning to prices, input costs rose continued to rise, while average charges levied by services firms fell for the seventh month in a row. Finally, expectations among service providers were again slightly less optimistic.
2020-09-23
German Service Activity Growth Slows in August
The IHS Markit Germany Services PMI was revised higher to 52.5 in August 2020 from a preliminary estimate of 50.8, still below July's final reading of 55.6. The latest figure pointed to a sharp slowdown in the service sector activity, as growth slowed in the Hotels & Restaurants and 'Other Services' sub-sectors amid a resurgence in COVID-19 cases, while the dominant Renting & Business Activities category fell back into contraction. Inflows of new work rose at a slower pace led by a steep and accelerated decrease in new export business. At the same time, employment rose only fractionally and more slowly than in July, while business confidence weakened. Turning to prices, input costs rose the most since February, while average charges levied by services firms continued to fall.
2020-09-03

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.