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Germany Services Purchasing Managers Index (PMI)

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Germany Services Purchasing Managers Index (PMI)

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Latest Release
Feb 05, 2018
Actual
57.3
Forecast
57.0
Previous
57.0
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.
Importance:
Country:
Currency: EUR
Source: Markit Economics
Germany Services Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Mar 05, 2018 (Feb) 03:55   57.0 57.0
Feb 21, 2018 (Feb) 03:30     57.0 57.3
Feb 05, 2018 (Jan) 03:55 57.3 57.0 57.0
Jan 24, 2018 (Jan) 03:30   57.0 55.6 55.8
Jan 04, 2018 (Dec) 03:55 55.8 55.8 55.8
Dec 14, 2017 (Dec) 03:30   55.8 54.7 54.3

News

Stocks - European Markets Open Lower with Focus on E.Z. Data
Stocks - European Markets Open Lower with Focus on E.Z. Data By Investing.com - Jan 24, 2018

Investing.com - European markets opened lower on Wednesday, as investors focused on a batch of euro zone economic reports set to be released early in the session and as concerns over new U.S. tarrifs ...

Analysis

Ed Anderson
Volatility Continues as Risk-Off Reigns By Ed Anderson - Feb 06, 2018

The shock in stock markets continues, as yesterday was the worst since August 2011. US stock markets were some of the worst hit, with the US Dow 30 falling -4.60% or 1175.2 points. WTI Crude Oil ...

samed olukoya
Germany Services PMI Hits 7-Year High By samed olukoya - Feb 05, 2018

Germany’s services activity rose to a record high in January as surged in demand fueled business growth and job creation in the services sector. The Services Purchasing Managers’ Index ...

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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