Germany Services PMI

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.

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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	Range
Australia	52.10	Dec/18	55.1	63 : 39	Index Points
Brazil	51.90	Dec/18	51.3	57.1 : 36.9	Index Points
China	53.90	Dec/18	53.8	54.7 : 50	Index Points
Euro Area	51.20	Dec/18	53.4	58.3 : 39.2	Index Points
France	49.00	Dec/18	55.1	62.9 : 40.2	Index Points
Germany	51.80	Dec/18	53.3	60.3 : 41.3	Index Points
India	53.20	Dec/18	53.7	57.5 : 44.6	Index Points
Italy	50.50	Dec/18	50.3	57.7 : 42.3	Index Points
Japan	51.00	Dec/18	52.3	55.3 : 46.4	Index Points
Russia	54.40	Dec/18	55.6	58.4 : 41.3	Index Points
Spain	54.00	Dec/18	54	60.3 : 36.8	Index Points
United Kingdom	51.20	Dec/18	50.4	62.5 : 40.1	Index Points
United States	54.40	Dec/18	54.7	61 : 49.3	Index Points