Breaking News

Germany Services Purchasing Managers Index (PMI)

Latest Release

Nov 23, 2022

Actual

46.4

Forecast

46.2

46.5

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
Dec 16, 2022 (Dec)	08:30
Dec 05, 2022 (Nov)	08:55			46.4
Nov 23, 2022 (Nov)	08:30	46.4	46.2	46.5
Nov 04, 2022 (Oct)	08:55	46.5	44.9	45.0
Oct 24, 2022 (Oct)	07:30	44.9	44.7	45.0
Oct 05, 2022 (Sep)	07:55	45.0	45.4	47.7

News

German manufacturing PMI rises for first time since outbreak of Ukraine war By Investing.com - Nov 23, 2022

By Geoffrey Smith Investing.com -- Activity in Europe's largest manufacturing economy improved in November for the first time since Russia's invasion of Ukraine, according to a closely-watched...

Eurozone Composite PMI Falls to 48.2 in September - S&P Global By Investing.com - Sep 23, 2022

By Scott Kanowsky Investing.com -- A downturn in Eurozone business activity deepened in September, sliding to its lowest mark in 20 months, as pressure on companies from soaring inflation...

German economic downturn deepens in Sept, outlook grim -flash PMI By Reuters - Sep 23, 2022

BERLIN (Reuters) - The downturn in German business activity deepened in September, a preliminary survey showed on Friday, as higher energy costs hit Europe's largest economy and companies saw a drop...

Analysis

4 Reasons Why The Bear Market May Not Be Over Yet By Ismael De La Cruz/Investing.com - Oct 06, 2022 2

The S&P 500 is off to its best start to a Q4 in history However, the main reasons behind the rally appear to be short-term in nature Earnings, interest rates, recession risks, and the European energy...

EUR/USD Near Parity, Powell Speech Next By Kenny Fisher - Aug 25, 2022

The euro has posted gains today and briefly punched above the symbolic parity line. In the North American session, EUR/USD is trading at 0.9978, up 0.11%.German Business Confidence DipsIt seems that...

EUR/USD Prints New 20-Year Low, Equities Sink By David Madden - Aug 22, 2022

Dealers are dumping stocks this afternoon for fear that central banks will stick to their plans to keep hiking interest rates, even though economies are cooling. Joachim Nagel, the president of the...

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