Germany Services Purchasing Managers Index (PMI)

EUR
Actual
53.9
Forecast
51.0
Previous
50.9
Latest Release
Mar 24, 2023
Importance
Overview
The Services Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by firms in the services sector throughout the country. A reading above fifty suggests the service sector is expanding, while a reading below fifty suggests the service sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. The service sector is far larger than manufacturing sector and thus accounts for the largest share of the country’s economic output.

A reading that is stronger than forecast is generally supportive (bullish) for the EUR , while a weaker than forecast reading is generally negative (bearish) for the EUR.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Apr 05, 2023 (Mar) 13:25 - 51.3
53.9
Mar 24, 2023 (Mar) 14:00 53.9 51.0
50.9
Mar 03, 2023 (Feb) 14:25 50.9 51.3
50.7
Feb 21, 2023 (Feb) 14:00 51.3 51.0
50.7
Feb 03, 2023 (Jan) 14:25 50.7 50.4
49.2
Clear All
0Selected
Please try another search
German Services PMI News & Analysis
Join German Services PMI Discussion

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles