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Germany Services Purchasing Managers Index (PMI)
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Latest Release
Sep 22, 2023
Actual49.8
Forecast47.2
Previous47.3
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.
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.
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| Oct 04, 2023 (Sep) | 03:55 | 49.8 | |||
| Sep 22, 2023 (Sep) | 03:30 | 49.8 | 47.2 | 47.3 | |
| Sep 05, 2023 (Aug) | 03:55 | 47.3 | 47.3 | 52.3 | |
| Aug 23, 2023 (Aug) | 03:30 | 47.3 | 51.5 | 52.3 | |
| Aug 03, 2023 (Jul) | 03:55 | 52.3 | 52.0 | 54.1 | |
| Jul 24, 2023 (Jul) | 03:30 | 52.0 | 53.1 | 54.1 |
News
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Analysis
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By Kenny Fisher - Apr 21, 2023
Services PMIs showed stronger expansion in the eurozone Manufacturing PMIs indicated a stronger decline US PMIs follow later today PMIs point to strong services, weak manufacturingThe eurozone...
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After an impressive rally, the euro is falling for a second straight day. In the European session, EUR/USD is trading at 1.0739, down 0.86%.German manufacturing falls, services riseGerman PMIs were a...
Euro Dips on Weak Eurozone Data
By Kenny Fisher - Dec 06, 2022
EUR/USD is steady at the start of the week. In the North American session, EUR/USD is trading at 1.0534, down 0.06%. The US dollar has been struggling and fell 1.5% against the euro last week. The...
HCOB Germany Services PMI Discussion
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