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Germany Services Purchasing Managers Index (PMI)

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Germany Services Purchasing Managers Index (PMI)

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Status

 
Latest Release
Dec 05, 2017
Actual
54.3
Forecast
54.9
Previous
54.9
The German Services Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the services sector.

The report is based on surveys of over 300 business executives in private sector services companies.

Data is usually released on the third working day of each month.Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs.

Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month.From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction).

Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
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Currency: EUR
Source: Markit Economics
Germany Services Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Dec 14, 2017 (Dec) 03:30     54.7 54.3
Dec 05, 2017 (Nov) 03:55 54.3 54.9 54.9
Nov 23, 2017 (Nov) 03:30   54.9 55.0 54.7
Nov 06, 2017 (Oct) 03:55 54.7 55.2 55.2
Oct 24, 2017 (Oct) 02:30   55.2 55.6 55.6
Oct 04, 2017 (Sep) 02:55 55.6 55.6 55.6

News

German Private Sector Output Growth Revs Up in November
German Private Sector Output Growth Revs Up in November By Investing.com - Nov 23, 2017

Investing.com - Private sector output in Germany expanded at a faster pace than expected in November, fueling optimism over the health of the euro zone's largest economy, preliminary data showed on ...

Stocks - European Markets Open Lower With PMI Data in Focus
Stocks - European Markets Open Lower With PMI Data in Focus By Investing.com - Nov 23, 2017

Investing.com - European markets opened lower on Thursday, as investors focused on the release of euro zone manufacturing and service sector activity data due later in the trading session. The EURO ...

Analysis

Jeremy Cook
Euro Continues To Struggle By Jeremy Cook - Dec 06, 2017

GBP: Deal or no Deal? Doubt around Theresa May’s ability to strike a deal on the future of the Irish border saw the pound fall on Tuesday morning. The dilemma is that there needs to be a border ...

German Services PMI Discussion

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All Comments (2)
Jedrus Halas
Jedrus Halas May 06, 2014 7:33AM GMT
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you made a mystake in your prediction...not the first time :(
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Praveen Prakash
Praveen Prakash Apr 23, 2014 7:31AM GMT
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yaayyyy.... It is bullish....
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