Germany EUR

Germany HCOB Services PMI Flash

Impact:
High
Source: S&P Global

Latest Release:

Date:
Surprise:
-2.2
| EUR
Actual:
49.4
Forecast: 51.6
Previous/Revision:
51.6
Period: Nov

Next Release:

Date:
Forecast: 49.3
Period: Dec
What Does It Measure?
The Germany HCOB Services PMI Flash measures the economic performance of the services sector in Germany, focusing on areas such as business activity, employment, new orders, and supplier delivery times. This index assesses the health of the services industry using survey responses from purchasing managers and is considered a key indicator of economic strength, with values above 50 indicating expansion and below indicating contraction.
Frequency
The HCOB Services PMI Flash is released monthly, typically as a preliminary estimate on the first business day of the following month, providing early insights into the services sector's performance.
Why Do Traders Care?
Traders closely monitor the HCOB Services PMI Flash due to its impact on financial markets; stronger-than-expected readings can indicate economic growth, positively influencing the Euro and stock markets, while weaker results may generate bearish sentiments. The timeliness of this report makes it a crucial tool for economic forecasting and trading decisions, as it reflects real-time business conditions.
What Is It Derived From?
The index is derived from a survey conducted among purchasing managers within the services sector, where respondents indicate their assessments of various aspects of their firms’ business conditions, including activity levels, new orders, and employment. The calculation employs a diffusion index methodology, where responses greater than 50 indicate expansion and those below indicate contraction, thereby providing a snapshot of economic health based on aggregate sentiment.
Description
The HCOB Services PMI Flash is a leading indicator of the economic direction, focusing specifically on the services sector's performance. It is considered preliminary data based on early estimates which are subject to revision in the final report, emphasizing its importance for immediate market reactions.
Additional Notes
As a leading economic measure, the HCOB Services PMI Flash provides valuable insights into future economic activity and aligns with other indicators such as the manufacturing PMI, offering a comprehensive view of overall economic conditions. Its relevance extends beyond Germany, given its implications for the Eurozone economy and global trade health.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, 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
Nov 22, 2024
49.4
 51.6
51.6
 -2.2
Oct 24, 2024
51.4
 50.6
50.6
 0.8
Sep 23, 2024
50.6
 51
51.2
 -0.4
Aug 22, 2024
51.4
 52.3
52.5
 -0.9
Jul 24, 2024
52
 53.1
53.1
 -1.1
Jun 21, 2024
53.5
 54.4
54.2
 -0.9
May 23, 2024
53.9
 53.5
53.2
 0.4
Apr 23, 2024
53.3
 50.6
50.1
2.7
Mar 21, 2024
49.8
 48.8
48.3
 1
Feb 22, 2024
48.2
 48
47.7
 0.2
Jan 24, 2024
47.6
 49.5
49.3
 -1.9
Dec 15, 2023
48.4
 49.8
49.6
 -1.4
Nov 23, 2023
48.7
 48.5
48.2
 0.2
Oct 24, 2023
48
 50
50.3
 -2
Sep 22, 2023
49.8
 47.2
47.3
2.6
Aug 23, 2023
47.3
 51.5
52.3
-4.2
Jul 24, 2023
52
 53.1
54.1
 -1.1
Jun 23, 2023
54.1
 56.2
57.2
 -2.1
May 23, 2023
57.8
 55.5
56
 2.3
Apr 21, 2023
55.7
 53.3
53.7
 2.4