The HCOB Germany Services PMI fell to 52.4 in January from 52.7 in December, the lowest since September and below preliminary estimates of 53.3, but still signaling a fifth straight month of expansion. Activity and new business continued to grow, although at a slower pace, with firms reporting new clients and generally stronger demand, including from abroad. New export orders accelerated to the fastest growth since May 2023. At the same time, backlogs of work fell for a third month, pointing to limited capacity pressures, and employment declined at the sharpest pace since mid 2020 as firms cut staff amid rising costs. Input price inflation hit a 12-month high, driven mainly by higher labor and energy expenses, including a sharp rise in the minimum wage, prompting companies to raise selling prices at the fastest rate since last February. Despite cost pressures, business confidence improved, with expectations for the year ahead rebounding to the highest since May 2024. source: S&P Global
Services PMI in Germany decreased to 52.40 points in January from 52.70 points in December of 2025. Services PMI in Germany averaged 52.44 points from 2007 until 2026, reaching an all time high of 61.80 points in July of 2021 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.
Services PMI in Germany decreased to 52.40 points in January from 52.70 points in December of 2025. Services PMI in Germany is expected to be 52.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Services PMI is projected to trend around 52.00 points in 2027 and 52.50 points in 2028, according to our econometric models.