Germany EUR

Germany Markit Services PMI Flash

Info

History

Chart

Impact:

High

Source: Markit Economics

Latest Release:

Date:

Surprise:

1.2

EUR

Actual:

Forecast: 53.8

Previous/Revision:

55.8

Period: Mar

What Does It Measure?

The Germany Markit Services PMI Flash measures the activity level of purchasing managers in the services sector, explicitly assessing factors such as business output, new orders, and employment in relation to market expansion or contraction. It serves as a critical indicator of overall economic health and sentiment, with a reading above 50 suggesting expansion and below indicating contraction.

Frequency

This indicator is released monthly, typically as a preliminary estimate, with results published around the 23rd day of the month following the reference period.

Why Do Traders Care?

Traders monitor the Germany Markit Services PMI Flash due to its economic relevance; robust PMI results can signal a growing economy, positively influencing assets like the euro and German equities. Conversely, weaker readings may lead to bearish sentiment, impacting currency valuations and stock prices, thereby providing traders with insights for economic forecasts and decision-making.

What Is It Derived From?

The index is derived from a survey of approximately 400 purchasing managers in the services sector, who report on trends in business activity, new orders, and employment. The data is collected using a diffusion index methodology, where a reading above 50 reflects a growth trend and a reading below 50 indicates a decline.

Description

The Markit Services PMI Flash report represents the immediate sentiment of service sector managers about the business climate, providing a timely snapshot of economic health. This preliminary data, while subject to revisions, offers essential insights into the services industry, influencing broader economic expectations for growth or contraction in the near term.

Additional Notes

The services PMI is considered a leading economic indicator, reflecting future economic activity and consumer behavior before it materializes in other economic reports. It is closely watched alongside other indices, such as the manufacturing PMI, to gauge overall economic momentum in Germany and its implications for the Eurozone.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, 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 24, 2022	55	53.8	55.8	1.2
Feb 21, 2022	56.6	53	52.2	3.6
Jan 24, 2022	52.2	48	48.7	4.2
Dec 16, 2021	48.4	51	52.7	-2.6
Nov 23, 2021	53.4	51.5	52.4	1.9
Oct 22, 2021	52.4	55	56.2	-2.6
Sep 23, 2021	56	60.2	60.8	-4.2
Aug 23, 2021	61.5	61	61.8	0.5
Jul 23, 2021	62.2	59.1	57.5	3.1
Jun 23, 2021	58.1	55.5	52.8	2.6
May 21, 2021	52.8	52	49.9	0.8
Apr 23, 2021	50.1	50.8	51.5	-0.7
Mar 24, 2021	50.8	46.2	45.7	4.6
Feb 19, 2021	45.9	46.5	46.7	-0.6
Jan 22, 2021	46.8	45.3	47	1.5
Dec 16, 2020	47.7	44	46	3.7
Nov 23, 2020	46.2	46.3	49.5	-0.1
Oct 23, 2020	48.9	49.2	50.6	-0.3
Sep 23, 2020	49.1	53	52.5	-3.9
Aug 21, 2020	50.8	55.1	55.6	-4.3
Jul 24, 2020	56.7	50.5	47.3	6.2
Jun 23, 2020	45.8	42	32.6	3.8
May 21, 2020	31.4	26.6	16.2	4.8
Apr 23, 2020	15.9	28.5	31.7	-12.6
Mar 24, 2020	34.5	42.3	52.5	-7.8
Feb 21, 2020	53.3	53.8	54.2	-0.5
Jan 24, 2020	54.2	53	52.9	1.2
Dec 16, 2019	52	52	51.7
Nov 22, 2019	51.3	51.3	51.6
Oct 24, 2019	51.2	52	51.4	-0.8
Sep 23, 2019	52.5	52.5	54.8
Aug 22, 2019	54.4	54	54.5	0.4
Jul 24, 2019	55.4	55.4	55.8
Jun 21, 2019	55.6	55.4	55.4	0.2
May 23, 2019	55	55.5	55.7	-0.5
Apr 18, 2019	55.6	55.1	55.4	0.5
Mar 22, 2019	54.9	54.8	55.3	0.1
Feb 21, 2019	55.1	52.9	53	2.2
Jan 24, 2019	53.1	52.1	51.8	1
Dec 14, 2018	52.5	53.4	53.3	-0.9
Nov 23, 2018	53.3	54.5	54.7	-1.2
Oct 24, 2018	53.6	55.5	55.9	-1.9
Sep 21, 2018	56.5	55	55	1.5
Aug 23, 2018	55.2	55.2	54.1
Jul 24, 2018	54.4	54.3	54.5	0.1
Jun 22, 2018	53.9	52.1	52.1	1.8
May 23, 2018	52.1	53	53	-0.9
Apr 23, 2018	54.1	53.7	53.9	0.4
Mar 22, 2018	54.2	54.2	55.3
Feb 21, 2018	55.3	55.3	57.3
Jan 24, 2018	57	57	55.8
Dec 14, 2017	55.8	55.8	54.3
Nov 23, 2017	54.9	54.9	54.7
Oct 24, 2017	55.2	55.2	55.2
Sep 22, 2017	55.6	53.8	53.5	1.8
Aug 23, 2017	53.4	53.3	53.1	0.1
Jul 24, 2017	53.5	54.3	54	-0.8
Jun 23, 2017	53.7	55.5	55.4	-1.8
May 23, 2017	55.2	55.5	55.4	-0.3
Apr 21, 2017	54.7	55.5	55.6	-0.8
Mar 24, 2017	55.6	54.6	54.4	1
Feb 21, 2017	54.4	53.6	53.4	0.8
Jan 24, 2017	53.2	54.5	54.3	-1.3
Dec 15, 2016	53.8	54.9	55.1	-1.1
Nov 23, 2016	55	54	54.2	1
Oct 24, 2016	54.1	51.5	50.9	2.6
Sep 23, 2016	50.6	52.1	51.7	-1.5
Aug 23, 2016	53.3	54.4	54.4	-1.1
Jul 22, 2016	54.6	53.2	53.7	1.4
Jun 23, 2016	53.2	55	55.2	-1.8
May 23, 2016	55.2	54.6	54.5	0.6
Apr 22, 2016	54.6	55.2	55.1	-0.6
Mar 22, 2016	55.5	55	55.3	0.5
Feb 22, 2016	55.1	54.7	55	0.4
Jan 22, 2016	55.4	55.6	56	-0.2
Dec 16, 2015	55.4	55.5	55.6	-0.1
Nov 23, 2015	55.6	54.3	54.5	1.3
Oct 23, 2015	55.2	53.9	54.1	1.3
Sep 23, 2015	54.3	54.6	54.9	-0.3
Aug 21, 2015	53.6	53.9	53.8	-0.3
Jul 24, 2015	53.7	53.9	53.8	-0.2
Jun 23, 2015	54.2	53	53	1.2
May 21, 2015	52.9	53.9	54	-1