Markit Germany Services Purchasing Managers Index (PMI)

Country:
Germany
EUR, Euro
Source:
Sector:
Business
Medium 51.7 51.3
51.3
Last release Importance Actual Forecast
Previous
51.2
51.7
Next release Actual Forecast
Previous
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The Purchasing Managers' Index® (PMI®) is based on monthly surveys of carefully selected companies representing large and developing economies worldwide.

The IHS Markit Germany Services PMI® is collected by IHS Markit on a monthly basis by means of a questionnaire, which is answered by purchasing managers or managing directors of approximately 400 different companies in the service sector, broken down by detailed sector and company headcount and based on contributions to GDP. The participants in the survey were grouped according to location and industry (SIC). Sectors covered include consumers (excluding retailers), transport, information, communications, finance, insurance, real estate and business services.

The survey takes place in the second half of the month. The survey asks about the change compared to the previous month. From this, a diffusion index is calculated for each variable. This is the sum of the percentage of firms reporting an improvement and half the percentage of firms reporting no change in the situation. These indices vary between 0 and 100, with a value of 50.0 representing no change from the previous month. Values above 50.0 indicate improvement or growth, values below 50.0 indicate deterioration or decline. The greater the deviation from 50.0, the higher the change from the previous month.

The indices are seasonally adjusted. The adjusted original data are, according to their initial release, not subject to revision. Seasonally adjusted data, on the other hand, can be revised if necessary due to updated seasonal adjustment factors.

The index is compiled to provide a general overview of the economic situation in the manufacturing sector. It is an early indicator for the whole economy. The growth of the services PMI is an indicator of favourable market conditions and can be seen as positive for the euro.

Last values:

actual data

forecast

The chart of the entire available history of the "Markit Germany Services Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Nov 2019
51.7
51.3
51.3
Nov 2019 prelim.
51.3
53.2
51.6
Oct 2019
51.6
51.2
51.2
Oct 2019 prelim.
51.2
51.2
51.4
Sep 2019
51.4
52.5
52.5
Sep 2019 prelim.
52.5
55.2
54.8
Aug 2019
54.8
54.4
54.4
Aug 2019 prelim.
54.4
54
54.5
Jul 2019
54.5
55.4
55.4
Jul 2019 prelim.
55.4
56
55.8
Jun 2019
55.8
55.6
55.6
Jun 2019 prelim.
55.6
55
55.4
May 2019
55.4
55
55
May 2019 prelim.
55
56.2
55.7
Apr 2019
55.7
55.6
55.6
Apr 2019 prelim.
55.6
54.8
55.4
Mar 2019
55.4
54.9
54.9
Mar 2019 prelim.
54.9
55.2
55.3
Feb 2019
55.3
55.1
55.1
Feb 2019 prelim.
55.1
53.7
53
Jan 2019
53
53.1
53.1
Jan 2019 prelim.
53.1
52.4
51.8
Dec 2018
51.8
52.3
52.5
Dec 2018 prelim.
52.5
53.2
53.3
Nov 2018
53.3
54.1
53.3
Nov 2018 prelim.
53.3
54.5
54.7
Oct 2018
54.7
53.6
Oct 2018 prelim.
53.6
55.9
Sep 2018
55.9
56.5
Sep 2018 prelim.
56.5
55
Aug 2018
55
55.2
Aug 2018 prelim.
55.2
54.1
Jul 2018
54.1
54.4
Jul 2018 prelim.
54.4
54.5
Jun 2018
54.5
53.9
Jun 2018 prelim.
53.9
52.1
May 2018
52.1
52.1
May 2018 prelim.
52.1
53
Apr 2018
53
54.1
Apr 2018 prelim.
54.1
53.9
Mar 2018
53.9
54.2
Mar 2018 prelim.
54.2
55.3
Feb 2018
55.3
55.3
Feb 2018 prelim.
55.3
57.3
Jan 2018
57.3
57
Jan 2018 prelim.
57
55.8
Dec 2017
55.8
55.8
Dec 2017 prelim.
55.8
54.3
Nov 2017
54.3
54.9
Nov 2017 prelim.
54.9
54.7

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