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.

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Germany Services PMI



Related Last Previous Unit Reference
Services PMI 46.40 46.50 points Nov 2022
Manufacturing PMI 46.70 45.10 points Nov 2022
Composite PMI 46.40 45.10 points Nov 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
46.40 46.50 61.80 16.20 2007 - 2022 points Monthly

News Stream
German Service Sector Contracts for 5th Month
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.
2022-11-23
German Service Sector Shrinks for 4th Month
The S&P Global Services PMI in Germany was revised higher to 46.5 in October 2022 from a preliminary estimate of 44.9, and compared with the previous month's 28-month low of 45.0. Still, the latest reading pointed to a solid rate of contraction in the service sector, as output and new orders declined due to uncertainty among clients, high inflation, soaring energy costs and rising interest rates. In addition, the rate of job creation slowed for the fourth time in the past five months to its weakest in just over two years, while backlogs of work fell further, pointing to some of easing of pressure on operating capacity across the sector. On the price front, input cost inflation was the quickest for four months and one of the highest on record on the back of high energy costs, increasing wage bills and pressure from rising interest rates.
2022-11-04
German Services Activity Falls Most in Over 2 Years
The S&P Global Services PMI in Germany was slightly down at 44.9 in October 2022, compared with 45.0 in the previous month and market expectations of 44.7, a preliminary estimate showed. The latest reading pointed to the fastest pace of contraction in the the service sector since May 2020, amid high price pressures, rising interest rates, and growing hesitancy among customers due to recession fears. New business declined the most in over two years, while the pace of job creation fell to the lowest seen since September 2020. On the price front, input cost inflation remained among the fastest on record, amid higher wage bills as well as increased energy costs. Looking ahead, business confidence rose slightly from September’s 28-month low.
2022-10-24