Breaking News

Germany Services Purchasing Managers Index (PMI)

Latest Release

May 06, 2025

Actual

49.0

Forecast

48.8

50.9

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: S&P Global

Release Date	Time	Actual	Forecast	Previous
May 22, 2025 (May)	09:30		49.6	49.0
May 06, 2025 (Apr)	09:55	49.0	48.8	50.9
Apr 23, 2025 (Apr)	09:30	48.8	50.3	50.9

News

Dollar soars as Trump nears election win; euro, sterling, yen all retreat sharply By Investing.com - Nov 06, 2024

Investing.com - The U.S. dollar soared Wednesday, set for its biggest one-day rise since March 2020, as Donald Trump closed in on presidential victory, while a Republican clean sweep of Congress also...

Dollar retreats from highs as risk appetite improves; euro edges up after PMIs By Investing.com - Jan 24, 2024

Investing.com - The U.S. dollar retreated from six-week highs in early European trade Wednesday amid rising risk appetite, while the euro struggled to push higher ahead of this week’s European...

Dollar retreats in holiday-impacted trading; euro helped by German PMIs By Investing.com - Nov 23, 2023

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...

Analysis

EUR/USD Under Pressure as Services PMIs Slip By Kenny Fisher - Apr 23, 2025

The euro fell close to 1% on Wednesday but has recovered. In the European session, EUR/USD is trading at 1.1430, down 0.09% on the day. Euro, German PMIs Contract in April Euro and German Services...

EUR/USD: Reversal Risks Grow as Weak Eurozone Data Weighs on Pair By Fawad Razaqzada - Sep 25, 2024

The EUR/USD was holding near the August high of 1.12 handle, still finding mild support from China’s announcement yesterday of large-scale stimulus measures. That announcement sent stocks surging and...

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

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...

HCOB Germany Services PMI Discussion

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