Breaking News

Germany Services Purchasing Managers Index (PMI)

Latest Release

Dec 05, 2023

Actual

49.6

Forecast

48.7

48.2

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.

Importance:

Country:

Currency: EUR

Source: Markit Economics

Release Date	Time	Actual	Forecast	Previous
Dec 15, 2023 (Dec)	19:30		49.8	49.6
Dec 05, 2023 (Nov)	19:55	49.6	48.7	48.2
Nov 23, 2023 (Nov)	19:30	48.7	48.5	48.2
Nov 06, 2023 (Oct)	19:55	48.2	48.0	50.3
Oct 24, 2023 (Oct)	18:30	48.0	50.0	50.3
Oct 04, 2023 (Sep)	18:55	50.3	49.8	47.3

News

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Investing.com - The U.S. dollar retreated in thin holiday-impacted trade Thursday, with traders digesting recent economic data and what it potentially means for the Federal Reserve’s interest rate...

European stocks higher; PMIs mixed, Nvidia earnings due later By Investing.com - Aug 23, 2023

Investing.com - European stock markets traded higher Wednesday, with investors carefully studying key regional activity data as well as eagerly awaited quarterly earnings from chip maker Nvidia. At...

European stock futures lower; U.K. inflation falls slower than expected By Investing.com - May 24, 2023

Investing.com - European stock markets are expected to open lower Wednesday as investors bemoan the lack of a deal to raise the U.S. debt ceiling ahead of the release of key economic data. At 02:00 ET...

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