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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
Apr 21, 2017
Actual
54.7
Forecast
55.5
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.
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Country:
Currency: EUR
Source: Markit Economics
Germany Services Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
May 04, 2017 (Apr) 03:55   54.7 54.7
Apr 21, 2017 (Apr) 03:30   54.7 55.5 55.6
Apr 05, 2017 (Mar) 03:55 55.6 55.6 55.6
Mar 24, 2017 (Mar) 04:30   55.6 54.6 54.4
Mar 03, 2017 (Feb) 04:55 54.4 54.4 54.4
Feb 21, 2017 (Feb) 04:30   54.4 53.6 53.4

News

text
German Services PMI 54.7 vs. 55.5 forecast By Investing.com - Apr 21, 2017

Investing.com - German service sector activity fell more-than-expected last month, official data showed on Friday.In a report, Markit Economics said that German Services PMI fell to 54.7, from 55.6 ...

text
German services growth strengthens in March, PMI shows By Reuters - Apr 05, 2017

BERLIN, April 5 - Growth in Germany's services sector accelerated further in March, a survey showed on Wednesday, suggesting Europe's largest economy will post healthy growth in the first ...

Analysis

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 :(
Praveen Prakash
Praveen Prakash Apr 23, 2014 7:31AM GMT
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yaayyyy.... It is bullish....
 
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