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Germany Services Purchasing Managers Index (PMI)

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Germany Services Purchasing Managers Index (PMI)

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Delivery Method

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Status

 
Latest Release
Oct 04, 2017
Actual
55.6
Forecast
55.6
Previous
55.6
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
Nov 06, 2017 (Oct) 04:55      
Oct 24, 2017 (Oct) 03:30   53.8 55.6
Oct 04, 2017 (Sep) 03:55 55.6 55.6 55.6
Sep 22, 2017 (Sep) 03:30   55.6 53.8 53.5
Sep 05, 2017 (Aug) 03:55 53.5 53.4 53.4
Aug 23, 2017 (Aug) 03:30   53.4 53.3 53.1

News

German private sector output growth revs up in August
German private sector output growth revs up in August By Investing.com - Aug 23, 2017

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

Analysis

Kenny Fisher
DAX At Record High, Closing In On 13,000 By Kenny Fisher - Oct 04, 2017

The DAX has posted small gains in the Wednesday session. Currently, the index is at 12,923.00, up 0.16% on the day. On the release front, German Services PMI matched its estimate of 55.6, while the ...

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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