The S&P Global Services PMI in Germany came in at 46.4 in November 2022, little-changed from the previous month's 46.5 and slightly below market expectations of 46.2, a preliminary estimate showed. The latest reading pointed to a fifth consecutive month of contraction as new business fell at the fastest pace since May 2020. On the price front, the rate of increase in input costs remained among the quickest on record, partly due to rising wages, although it too fell from the previous month, down to the lowest since August. Finally, service providers were less pessimistic about the 12-month outlook. source: Markit Economics
Services PMI in Germany averaged 52.68 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 November of 2022.
Services PMI in Germany is expected to be 50.00 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 2023 and 54.50 points in 2024, according to our econometric models.