The S&P Global Germany Services PMI fell to 52.4 in June of 2022 from 55 in May, missing market expectations of 54.5, a preliminary estimate showed. The latest reading pointed to the slowest growth in the services sector in 5 months amid a waning of demand and some reports of staff shortages. New orders fell for the first time in six months and job growth slowed. On the price front, average prices charged eased while operating expenses posted a record rise at the end of the second quarter, with energy, fuel, wages and higher borrowing costs all highlighted as sources of cost pressure. Finally, services expectations were little-changed from the previous month, but remained subdued by historical standards. source: Markit Economics
Services PMI in Germany averaged 52.83 points from 2007 until 2022, 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. Germany Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Services PMI in Germany is expected to be 54.10 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 55.10 points in 2023 and 54.50 points in 2024, according to our econometric models.