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.