Germany EUR

Germany S&P Global Services PMI Flash

Impact:
High
Source: S&P Global

Latest Release:

Date:
Big Surprise:
2.9
| EUR
Actual:
53.9
Forecast: 51
Previous/Revision:
50.9
Period: Mar
What Does It Measure?
The Germany S&P Global Services PMI Flash measures the economic health of the services sector within Germany, focusing explicitly on business activity and economic conditions. It assesses key areas such as output, new orders, employment levels, and the overall business environment in the services industry, with values above 50 indicating expansion and below 50 indicating contraction.
Frequency
This index is released on a monthly basis and represents a preliminary estimate of the services sector's performance, typically published on the first working day of the month for the preceding month.
Why Do Traders Care?
Traders monitor the Germany S&P Global Services PMI Flash as it provides timely insights into the health of the services sector, which is crucial for economic performance. Stronger-than-expected results are generally bullish for the Euro and equities, while weaker readings can indicate economic slowdown, impacting investor sentiment and forecasting.
What Is It Derived From?
The index is derived from a survey of purchasing managers in the services sector, employing a diffusion index methodology where respondents indicate whether business conditions have improved, worsened, or remained unchanged. The final index is weighted to reflect the size of the respective industries, ensuring a comprehensive overview of the sector's performance.
Description
The Germany S&P Global Services PMI Flash serves as a leading economic indicator, providing early insights into the health of the services sector before the final data is released. It is particularly valuable for detecting trends and shifts in economic activity, enabling traders and policymakers to make informed decisions based on the prevailing business climate.
Additional Notes
This indicator is considered leading as it captures business sentiment and activity ahead of official GDP figures, often correlating with future economic conditions. It is essential for understanding trends not only within Germany but also in the broader Eurozone, as the services sector plays a significant role in economic growth and employment.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for Euro, Bullish 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 Time Actual Forecast Previous Surprise
Mar 24, 2023
53.9
 51
50.9
2.9
Feb 21, 2023
51.3
 51
50.7
 0.3
Jan 24, 2023
50.4
 49.6
49.2
 0.8
Dec 16, 2022
49
 46.3
46.1
2.7
Nov 23, 2022
46.4
 46.2
46.5
 0.2
Oct 24, 2022
44.9
 44.7
45
 0.2
Sep 23, 2022
45.4
 47.2
47.7
 -1.8
Aug 23, 2022
48.2
 49
49.7
 -0.8
Jul 22, 2022
49.2
 51.2
52.4
 -2
Jun 23, 2022
52.4
 54.5
55
 -2.1
May 24, 2022
56.3
 57.2
57.6
 -0.9
Apr 22, 2022
57.9
 55.5
56.1
 2.4