Breaking News

Germany Services Purchasing Managers Index (PMI)

Latest Release

Sep 22, 2023

Actual

49.8

Forecast

47.2

47.3

The Services Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by firms in the services sector throughout the country. A reading above fifty suggests the service sector is expanding, while a reading below fifty suggests the service sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. The service sector is far larger than manufacturing sector and thus accounts for the largest share of the country’s economic output.

A reading that is stronger than forecast is generally supportive (bullish) for the EUR , while a weaker than forecast reading is generally negative (bearish) for the EUR.

Importance:

Country:

Currency: EUR

Source: Markit Economics

Release Date	Time	Actual	Forecast	Previous
Oct 04, 2023 (Sep)	08:55		49.8	47.3
Sep 22, 2023 (Sep)	08:30	49.8	47.2	47.3
Sep 05, 2023 (Aug)	08:55	47.3	47.3	52.3
Aug 23, 2023 (Aug)	08:30	47.3	51.5	52.3
Aug 03, 2023 (Jul)	08:55	52.3	52.0	54.1
Jul 24, 2023 (Jul)	08:30	52.0	53.1	54.1

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