The IHS Markit Germany Services PMI was revised slightly higher to 48.7 in December of 2021 from a preliminary of 48.4, still pointing to a deep contraction in the services sector amid a fourth wave of COVID-19 infections and tighter restrictions. It signalled a more moderate rate of decline that those seen during the first and second waves of the pandemic, however. Demand was hit by the resurgence in the pandemic, with new export business falling particularly steeply. Businesses' growth expectations improved, however, reflecting widespread hopes that activity would rebound from the current low ebb over the course of 2022. Price pressures meanwhile remained elevated in December. Rates of input cost and output price inflation ticked down from November's record highs, but were still the second fastest on record. source: Markit Economics

Services PMI in Germany averaged 52.76 points from 2007 until 2021, 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 January of 2022.

Services PMI in Germany is expected to be 53.60 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 54.50 points in 2023 and 54.00 points in 2024, according to our econometric models.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Germany Services PMI


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
48.70 52.70 61.80 16.20 2007 - 2021 points Monthly

Related Last Previous Unit Reference
Services PMI 48.70 52.70 points Dec/21
Manufacturing PMI 57.40 57.40 points Dec/21
Composite PMI 49.90 52.20 points Dec/21


News Stream
Germany Services Sector Contracts Less Than Estimated
The IHS Markit Germany Services PMI was revised slightly higher to 48.7 in December of 2021 from a preliminary of 48.4, still pointing to a deep contraction in the services sector amid a fourth wave of COVID-19 infections and tighter restrictions. It signalled a more moderate rate of decline that those seen during the first and second waves of the pandemic, however. Demand was hit by the resurgence in the pandemic, with new export business falling particularly steeply. Businesses' growth expectations improved, however, reflecting widespread hopes that activity would rebound from the current low ebb over the course of 2022. Price pressures meanwhile remained elevated in December. Rates of input cost and output price inflation ticked down from November's record highs, but were still the second fastest on record.
2022-01-05
German Services Shrink for 1st Time in 8 Months
The IHS Markit Germany Services PMI fell to 48.4 in December of 2021 from 52.7 in November, well below forecasts of 51, preliminary estimates showed. Services activity came under renewed pressure in December from the fourth wave of coronavirus and associated restrictions, falling for the first time in eight months and to the greatest extent since February. New orders declined at the fastest pace since April and the pace of job creation slowed. Lastly, business expectations towards the year-ahead outlook for activity improved on hopes that the pandemic would fade over the course of next year.
2021-12-16
Germany Services PMI Revised Lower
The IHS Markit Germany Services PMI was revised lower to 52.7 in November of 2021 from a preliminary of 53.4 but above October's six-month low of 52.4. Output continued to rise supported by backlogs of work and the rate of job creation remained strong overall, while inflows of new business decreased marginally due to uncertainty surrounding the pandemic and supply delays. On the price front, inflationary pressures remained strong, with rates of input cost and output price accelerating to new highs. Business confidence towards the outlook also weakened to the lowest since late 2020, most notable in the hospitality sector, amid worries related to the fourth wave of COVID-19 infections, as well as rising costs.
2021-12-03