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Germany Services Purchasing Managers Index (PMI)

Germany Services Purchasing Managers Index (PMI)

Actual: 48.9
Forecast: 49.2
Previous: 50.6
Release Date: Oct 23, 2020
Currency: EUR
Country: Germany
Source Of Report: Markit Economics

The Services Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by firms in the services sector throughout the country. A reading above fifty suggests the service sector is expanding, while a reading below fifty suggests the service sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. The service sector is far larger than manufacturing sector and thus accounts for the largest share of the country’s economic output.

A reading that is stronger than forecast is generally supportive (bullish) for the EUR , while a weaker than forecast reading is generally negative (bearish) for the EUR.

Release Date Actual Forecast Previous
Nov 05, 2020 50.6
Nov 04, 2020 (Oct) 48.9
Oct 23, 2020 (Oct)    48.9 49.2 50.6
Oct 05, 2020 (Sep) 50.6 49.1 52.5
Sep 23, 2020 (Sep)    49.1 53.0 52.5
Sep 03, 2020 (Aug) 52.5 50.8 55.6

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