The S&P Global Germany Services PMI fell to 46.9 in April 2026, down from 50.9 in March, marking the first contraction in business activity since August 2025. The latest reading also signaled the fastest decline in activity since November 2022, with firms attributing the downturn to the ongoing Middle East war, which led to a significant reduction in new orders. New business inflows dropped at the sharpest rate since January 2024, partly due to weakening export sales, which saw their steepest decline in seven months. Backlogs of work fell sharply, while job cuts accelerated as companies opted not to replace departing employees and, in some cases, implemented layoffs. On the price front, input cost inflation reached a three-year high, and output price inflation hit its highest level in over two years. Business confidence also plummeted to its lowest point in more than two-and-a-half years, driven by expectations of higher energy costs, rising inflation, and weak market sentiment. source: S&P Global
Services PMI in Germany decreased to 46.90 points in April from 50.90 points in March of 2026. Services PMI in Germany averaged 52.41 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 46.90 points in April from 50.90 points in March of 2026. Services PMI in Germany is expected to be 46.00 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.