Germany Markit Services PMI Final

Info

History

Chart

Impact:

High

Source: Markit Economics

Latest Release:

Date:

Big Surprise:

-0.8

EUR

Actual:

55.8

Forecast: 56.6

Previous/Revision:

52.2

Period: Feb

What Does It Measure?

The Germany Markit Services PMI Final measures the performance of the services sector in Germany and is a key indicator of economic health, specifically assessing business activity, new orders, and employment levels within the services industry. This index provides insights into areas such as production, employment trends, and inflationary pressures in the service industry, with a reading above 50 indicating expansion and below indicating contraction.

Frequency

This report is released monthly, typically providing a final figure within the first few days of the month following the survey period, which reflects data collected earlier in the previous month.

Why Do Traders Care?

Traders closely monitor the Germany Markit Services PMI Final as it serves as a barometer for economic activity in the vital services sector, impacting financial markets by influencing expectations regarding currency, stocks, and economic growth forecasts. Higher-than-expected readings tend to strengthen the Euro and boost stock markets, while disappointing figures may lead to bearish tendencies for both the currency and equity markets.

What Is It Derived From?

The index is calculated based on a survey of purchasing managers in the services sector, where respondents provide insights into various aspects of their business performance, including new orders, output, and employment levels. The data is collected using diffusion indices, which report responses on a scale that reflects both growth and contraction, thereby allowing for weighted calculations that summarize overall sector health.

Description

The Germany Markit Services PMI Final is vital for understanding the current state of the services economy, which constitutes a significant portion of Germany's GDP. It represents a comprehensive gauging tool to determine business conditions, trends in employment, and potential inflation pressures, linking directly to consumer spending and overall economic momentum.

Additional Notes

This indicator is viewed as a leading economic measure, often providing early signals about the future direction of the economy before official statistics are released. As the services sector is highly influential globally, shifts in the Germany PMI can also reflect trends in other regions, highlighting interconnected global economic dynamics.

Bullish or Bearish for Currency and Stocks

If the reading is higher than expected: Bullish for Euro, Bullish for Stocks. If the reading is lower than expected: Bearish for Euro, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Mar 03, 2022	55.8	56.6	52.2	-0.8
Feb 03, 2022	52.2	52.2	48.7
Jan 05, 2022	48.7	48.4	52.7	0.3
Dec 03, 2021	52.7	53.4	52.4	-0.7
Nov 04, 2021	52.4	52.4	56.2
Oct 05, 2021	56.2	56	60.8	0.2
Sep 03, 2021	60.8	61.5	61.8	-0.7
Aug 04, 2021	61.8	62.2	57.5	-0.4
Jul 05, 2021	57.5	58.1	52.8	-0.6
Jun 03, 2021	52.8	52.8	49.9
May 05, 2021	49.9	50.1	51.5	-0.2
Apr 07, 2021	51.5	50.8	45.7	0.7
Mar 03, 2021	45.7	45.9	46.7	-0.2
Feb 03, 2021	46.7	46.8	47	-0.1
Jan 06, 2021	47	47.5	46	-0.5
Dec 03, 2020	46	46.2	49.5	-0.2
Nov 04, 2020	49.5	48.9	50.6	0.6
Oct 05, 2020	50.6	49.1	52.5	1.5
Sep 03, 2020	52.5	50.8	55.6	1.7
Aug 05, 2020	55.6	56.7	47.3	-1.1
Jul 03, 2020	47.3	45.8	32.6	1.5
Jun 03, 2020	32.6	31.4	16.2	1.2
May 06, 2020	16.2	15.9	31.7	0.3
Apr 03, 2020	31.7	34.3	52.5	-2.6
Mar 04, 2020	52.5	53.3	54.2	-0.8
Feb 05, 2020	54.2	54.2	52.9
Jan 06, 2020	52.9	52	51.7	0.9
Dec 04, 2019	51.7	51.3	51.6	0.4
Nov 06, 2019	51.6	51.2	51.4	0.4
Oct 03, 2019	51.4	52.5	54.8	-1.1
Sep 04, 2019	54.8	54.4	54.5	0.4
Aug 05, 2019	54.5	55.4	55.8	-0.9
Jul 03, 2019	55.8	55.6	55.4	0.2
Jun 05, 2019	55.4	55	55.7	0.4
May 06, 2019	55.7	55.6	55.4	0.1
Apr 03, 2019	55.4	54.9	55.3	0.5
Mar 05, 2019	55.3	55.1	53	0.2
Feb 05, 2019	53	53.1	51.8	-0.1
Jan 04, 2019	51.8	52.5	53.3	-0.7
Dec 05, 2018	53.3	53.3	54.7
Nov 06, 2018	54.7	53.6	55.9	1.1
Oct 03, 2018	55.9	56.5	55	-0.6
Sep 05, 2018	55	55.2	54.1	-0.2
Aug 03, 2018	54.1	54.4	54.5	-0.3
Jul 04, 2018	54.5	53.9	52.1	0.6
Jun 05, 2018	52.1	52.1	53
May 04, 2018	53	54.1	53.9	-1.1
Apr 05, 2018	53.9	54.2	55.3	-0.3
Mar 05, 2018	55.3	55.3	57.3
Feb 05, 2018	57.3	57	55.8	0.3
Jan 04, 2018	55.8	55.8	54.3
Dec 05, 2017	54.3	54.9	54.7	-0.6
Nov 06, 2017	54.7	55.2	55.6	-0.5
Oct 04, 2017	55.6	55.6	53.5
Sep 05, 2017	53.5	53.4	53.1	0.1
Aug 03, 2017	53.1	53.5	54	-0.4
Jul 05, 2017	54	53.7	55.4	0.3
Jun 05, 2017	55.4	55.2	55.4	0.2
May 04, 2017	55.4	54.7	55.6	0.7
Apr 05, 2017	55.6	55.6	54.4
Mar 03, 2017	54.4	54.4	53.4
Feb 03, 2017	53.4	53.2	54.3	0.2
Jan 04, 2017	54.3	55.8	55.1	-1.5
Dec 05, 2016	55.1	55	54.2	0.1
Nov 04, 2016	54.2	54.1	50.9	0.1
Oct 05, 2016	50.9	50.6	51.7	0.3
Sep 05, 2016	51.7	53.3	54.4	-1.6
Aug 03, 2016	54.4	54.6	53.7	-0.2
Jul 05, 2016	53.7	53.2	55.2	0.5
Jun 03, 2016	55.2	55.2	54.5
May 04, 2016	54.5	54.6	55.1	-0.1
Apr 05, 2016	55.1	55.5	55.3	-0.4
Mar 03, 2016	55.3	55.1	55	0.2
Feb 03, 2016	55	55.4	56	-0.4
Jan 06, 2016	56	55.4	55.6	0.6
Dec 03, 2015	55.6	55.6	54.5
Nov 04, 2015	54.5	55.2	54.1	-0.7
Oct 05, 2015	54.1	54.3	54.9	-0.2
Sep 03, 2015	54.9	53.6	53.8	1.3
Aug 05, 2015	53.8	53.7	53.8	0.1
Jul 03, 2015	53.8	54.2	53	-0.4
Jun 03, 2015	53	52.9	54	0.1
May 06, 2015	54	54.4	55.4	-0.4