S&P Global/BME Services PMI

The Services PMI released by the Markit Economics interviews German executives on the status of sales, employment, and their outlook. Because the performance of the German service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. Any reading above 50 signals expansion, while a reading under 50 shows contraction.

Next event - Wednesday 4 December 2024 08:55

Previous
49.4
Forecast
49.4
Actual
-

The typical/expected impact on EUR pairs is medium.

The consensus forecast for S&P Global/BME Services PMI is 49.4. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Most recent - Friday 22 November 2024 08:30

Previous
51.6
Forecast
51.7
Actual
49.4

Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.

Trading range

Forecast history

The most recent announced value for S&P Global/BME Services PMI was 49.4 against a forecast of 51.7.

Past events

Date
Forecast
Actual
Friday 22 November 2024 08:30
51.7
49.4
Wednesday 6 November 2024 08:55
51.4
51.6
Thursday 24 October 2024 07:30
50.5
51.4
Thursday 3 October 2024 07:55
50.6
50.6
Monday 23 September 2024 07:30
51
50.6
Wednesday 4 September 2024 07:55
51.4
51.2
Thursday 22 August 2024 07:30
52.3
51.4
Monday 5 August 2024 07:55
52
52.5
Wednesday 24 July 2024 07:30
53.1
52
Wednesday 3 July 2024 07:55
53.5
53.1
Friday 21 June 2024 07:30
54.4
53.5
Wednesday 5 June 2024 07:55
53.9
54.2
Thursday 23 May 2024 07:30
53.5
53.9
Monday 6 May 2024 07:55
53.3
53.2
Tuesday 23 April 2024 07:30
50.6
53.3
Thursday 4 April 2024 07:55
49.8
50.1
Thursday 21 March 2024 08:30
48.8
49.8
Tuesday 5 March 2024 08:55
48.2
48.3
Thursday 22 February 2024 08:30
48
48.2
Monday 5 February 2024 08:55
47.6
47.7
Wednesday 24 January 2024 08:30
49.5
47.6
Thursday 4 January 2024 08:55
48.4
49.3
Friday 15 December 2023 08:30
49.8
48.4
Tuesday 5 December 2023 08:55
48.7
49.6
Thursday 23 November 2023 08:30
48.5
48.7
Monday 6 November 2023 08:55
48
48.2
Tuesday 24 October 2023 07:30
50
48
Wednesday 4 October 2023 07:55
49.8
50.3
Friday 22 September 2023 07:30
47.2
49.8
Tuesday 5 September 2023 07:55
47.3
47.3
Wednesday 23 August 2023 07:30
51.5
47.3
Thursday 3 August 2023 07:55
52
52.3
Monday 24 July 2023 07:30
53.1
52
Wednesday 5 July 2023 07:55
54.1
54.1
Friday 23 June 2023 07:30
56.2
54.1
Monday 5 June 2023 07:55
57.8
57.2
Tuesday 23 May 2023 07:30
55.5
57.8
Thursday 4 May 2023 07:55
55.7
56
Friday 21 April 2023 07:30
53.3
55.7
Wednesday 5 April 2023 07:55
53.9
53.7
Friday 24 March 2023 08:30
51
53.9
Friday 3 March 2023 08:55
51.3
50.9
Tuesday 21 February 2023 08:30
51
51.3
Friday 3 February 2023 08:55
50.4
50.7
Tuesday 24 January 2023 08:30
49.7
50.4
Wednesday 4 January 2023 08:55
49
49.2
Friday 16 December 2022 08:30
46.3
49
Monday 5 December 2022 08:55
46.4
46.1
Wednesday 23 November 2022 08:30
46.2
46.4
Friday 4 November 2022 08:55
44.9
46.5
Monday 24 October 2022 07:30
44.7
44.9
Wednesday 5 October 2022 07:55
45.4
45
Friday 23 September 2022 07:30
47.2
45.4
Monday 5 September 2022 07:55
48.2
47.7
Tuesday 23 August 2022 07:30
49
48.2
Wednesday 3 August 2022 07:55
49.2
49.7
Friday 22 July 2022 07:30
51.2
49.2
Tuesday 5 July 2022 07:55
52.4
52.4
Thursday 23 June 2022 07:30
54.5
52.4
Friday 3 June 2022 07:55
56.3
55
Tuesday 24 May 2022 07:30
57.2
56.3
Wednesday 4 May 2022 07:55
57.9
57.6
Friday 22 April 2022 07:30
55.5
57.9
Tuesday 5 April 2022 07:55
55
56.1
Thursday 24 March 2022 08:30
53.8
55
Thursday 3 March 2022 08:55
56.6
55.8
Monday 21 February 2022 08:30
53
56.6
Thursday 3 February 2022 08:55
52.2
52.2
Monday 24 January 2022 08:30
48
52.2
Wednesday 5 January 2022 08:55
48.4
48.7
Thursday 16 December 2021 08:30
51
48.4

Economic context

Recent economic data has been moderately bearish for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global/BME Services PMI result:

PreviousLatest
Unemployment Rate(no change)6.3%6.3%
Gross Domestic Product (QoQ)(no change)0%0%
Gross Domestic Product (YoY)(no change)0.4%0.4%
HCOB Manufacturing PMIBearish change43.243
HCOB Manufacturing PMIBearish change46.944.5
HCOB Manufacturing PMIBearish change54.553.1
Core Harmonized Index of Consumer Prices (MoM)Bearish change0.2%-0.6%
Core Harmonized Index of Consumer Prices (YoY)Bullish change2.7%2.8%
Harmonized Index of Consumer Prices (MoM)Bearish change0.3%-0.3%
Harmonized Index of Consumer Prices (YoY)Bullish change2%2.3%
Consumer Price Index (EU Norm) (YoY)Bullish change1%1.6%
Consumer Price Index (YoY)Bullish change0.9%1.4%
Unemployment ChangeBullish change27K7K
Unemployment Rate s.a.(no change)6.1%6.1%
Consumer Price Index (EU norm) (YoY)Bullish change1.6%1.7%
Retail Sales (MoM)Bearish change1.6%-1.5%
Retail Sales (YoY)Bearish change1.4%1%
Consumer Price Index (MoM)Bearish change0.4%-0.2%
Consumer Price Index (YoY)Bullish change2%2.2%
Harmonized Index of Consumer Prices (MoM)Bearish change0.4%-0.7%
Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%
Business ClimateBullish change-0.93-0.77
Consumer ConfidenceBearish change-12.4-13.7
Economic Sentiment IndicatorBullish change95.795.8
Harmonized Index of Consumer Prices (YoY)Bullish change1.8%2.4%
GfK Consumer Confidence SurveyBearish change-18.4-23.3
IFO – Business ClimateBearish change86.585.7
IFO – Current AssessmentBearish change85.784.3
IFO – ExpectationsBearish change87.387.2
HCOB Manufacturing PMIBearish change4645.2
HCOB Composite PMIBearish change5048.1
HCOB Services PMIBearish change51.649.2
HCOB Composite PMIBearish change48.647.3
HCOB Manufacturing PMIBullish change4343.2
HCOB Composite PMIBearish change48.144.8
HCOB Manufacturing PMIBearish change44.543.2
HCOB Services PMIBearish change49.245.7
Gross Domestic Product (QoQ)Bearish change0.2%0.1%
Gross Domestic Product (YoY)Bearish change-0.2%-0.3%
Gross Domestic Product w.d.a (YoY)Bearish change0.2%0.1%
Consumer ConfidenceBullish change-12.5-12.4
Producer Price Index (MoM)Bullish change-0.5%0.2%
Producer Price Index (YoY)Bullish change-1.4%-1.1%

About S&P Global/BME Services PMI

Country:Germany
Currency:EUR
Source:IHS Markit
Category:Economic Activity
Frequency:Monthly

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