The IHS Markit Germany Services PMI fell to 56 in September of 2021 from 60.8 in August, well below forecasts of 60.2, preliminary estimates showed. The reading pointed to the slowest growth in services activity in 4 months, as the sector lost momentum and demand waned after a recent strong rebound as coronavirus restrictions were lifted over the Summer. New orders slowed, employment eased but remained solid, input inflation ticked down and the output one was the lowest in 4 months. Finally, business confidence remained strong but fell from August levels. source: Markit Economics

Services PMI in Germany averaged 52.79 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 September of 2021.

Services PMI in Germany is expected to be 60.00 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 54.50 points in 2022 and 54.00 points in 2023, according to our econometric models.

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Germany Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
56.00 60.80 61.80 16.20 2007 - 2021 points Monthly


News Stream
Germany Services PMI Down to 4-Month Low
The IHS Markit Germany Services PMI fell to 56 in September of 2021 from 60.8 in August, well below forecasts of 60.2, preliminary estimates showed. The reading pointed to the slowest growth in services activity in 4 months, as the sector lost momentum and demand waned after a recent strong rebound as coronavirus restrictions were lifted over the Summer. New orders slowed, employment eased but remained solid, input inflation ticked down and the output one was the lowest in 4 months. Finally, business confidence remained strong but fell from August levels.
2021-09-23
Germany Services PMI Revised Lower
The IHS Markit Germany Services PMI was revised lower to 60.8 in August of 2021 from a preliminary of 61.5 and slowing from a record 61.8 in July. The reading still pointed to a robust growth in the services sector, amid a continued recovery in demand for German services from both domestic and international sources. Reflecting the recent loosening of restrictions, the strongest rates of growth were recorded in consumer services sectors, alongside Post & Telecommunications. August saw a fifth straight monthly rise in backlogs of work. Moreover, the rate at which outstanding business accumulated was the quickest observed for more than ten years. Also, employment continued to rise and there were near-record increases in input costs and prices charged. Business sentiment was highly positive by historical standards, reflecting widespread hopes of an end to the pandemic and an associated improvement in travel activity in a year's time.
2021-09-03
German Services Growth Holds Near Record High
The IHS Markit Germany Services PMI stood at 61.5 in August 2021, little-changed from an all-time high of 61.8 in the previous month and above market consensus of 61.0, a preliminary estimate showed. Services new business grew at a sharp rate that was only slightly slower than in July, while the pace of job creation remained close to a recent record high. Meanwhile, inflationary pressures remained elevated. Looking ahead, services optimism was just below June’s 21-year high.
2021-08-23
German Services Sector Activity Grows at Record Pace
The IHS Markit Germany Services PMI came in at 61.8 in July 2021, compared with a preliminary estimate of 62.2 and a final 57.5 in the previous month. The latest reading pointed to the strongest pace of expansion in the sector since data were first available in June 1997, due to the loosening of COVID-19 restrictions and growing demand. New business expanded at the second-fastest pace on record and the pace of job creation hit an all-time high. The recent ramping up of new orders combined with delivery delays and led to a marked rise in backlogs of work. The rate of accumulation was the fastest since February 2011. On the price front, input costs and output charges increased at near record rates. Finally, business confidence remained strong, reflecting the expected end of the pandemic, projected new order growth and a recovery in travel and tourism.
2021-08-04

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.