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.

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Most recent - Tuesday 23 April 2024 07:30

50.1

Forecast

50.6

Actual

53.3

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

Next event - Monday 6 May 2024 07:55

53.3

Forecast

53.3

Actual

The typical/expected impact on EUR pairs is medium.

The consensus forecast for S&P Global/BME Services PMI is 53.3. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Trading range

Forecast history

The most recent announced value for S&P Global/BME Services PMI was 53.3 against a forecast of 50.6.

Past events

Date

Forecast

Actual

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

48.2

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

48.2

Tuesday 24 October 2023 07:30

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

Wednesday 23 August 2023 07:30

51.5

47.3

Thursday 3 August 2023 07:55

52.3

Monday 24 July 2023 07:30

53.1

Wednesday 5 July 2023 07:55

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

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

53.9

Friday 3 March 2023 08:55

51.3

50.9

Tuesday 21 February 2023 08:30

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

49.2

Friday 16 December 2022 08:30

46.3

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

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

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

Thursday 23 June 2022 07:30

54.5

52.4

Friday 3 June 2022 07:55

56.3

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

56.1

Thursday 24 March 2022 08:30

53.8

Thursday 3 March 2022 08:55

56.6

55.8

Monday 21 February 2022 08:30

56.6

Thursday 3 February 2022 08:55

52.2

Monday 24 January 2022 08:30

52.2

Wednesday 5 January 2022 08:55

48.4

48.7

Thursday 16 December 2021 08:30

48.4

Friday 3 December 2021 08:55

53.4

52.7

Tuesday 23 November 2021 08:30

51.5

53.4

Thursday 4 November 2021 08:55

52.4

Friday 22 October 2021 07:30

52.4

Tuesday 5 October 2021 07:55

56.2

Thursday 23 September 2021 07:30

60.2

Friday 3 September 2021 07:55

61.5

60.8

Monday 23 August 2021 07:30

61.5

Wednesday 4 August 2021 07:55

62.2

61.8

Friday 23 July 2021 07:30

59.1

62.2

Monday 5 July 2021 07:55

58.1

57.5

Wednesday 23 June 2021 07:30

55.5

58.1

Thursday 3 June 2021 07:55

52.8

Friday 21 May 2021 07:30

52.8

Wednesday 5 May 2021 07:55

50.1

49.9

Economic context

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

		Previous	Latest
Retail Sales (MoM)	Bullish change	-1.9%	1.8%
Retail Sales (YoY)	Bullish change	-2.7%	0.3%
Gross Domestic Product (QoQ)	Bullish change	0.1%	0.2%
Consumer Price Index (MoM)	Bullish change	0.4%	0.5%
Consumer Price Index (YoY)	(no change)	2.2%	2.2%
Harmonized Index of Consumer Prices (MoM)	(no change)	0.6%	0.6%
Harmonized Index of Consumer Prices (YoY)	Bullish change	2.3%	2.4%
Business Climate	Bearish change	-0.32	-0.53
Consumer Confidence	(no change)	-14.7	-14.7
Economic Sentiment Indicator	Bearish change	96.2	95.6
Harmonized Index of Consumer Prices (YoY)	Bullish change	3.3%	3.4%
GfK Consumer Confidence Survey	Bullish change	-27.3	-24.2
IFO – Business Climate	Bullish change	87.9	89.4
IFO – Current Assessment	Bullish change	88.1	88.9
IFO – Expectations	Bullish change	87.7	89.9
HCOB Composite PMI	Bullish change	50.3	51.4
HCOB Manufacturing PMI	Bearish change	46.1	45.6
HCOB Services PMI	Bullish change	51.5	52.9
HCOB Composite PMI	Bullish change	47.7	50.5
HCOB Manufacturing PMI	Bullish change	41.9	42.2
HCOB Composite PMI	Bullish change	48.3	49.9
HCOB Manufacturing PMI	Bearish change	46.2	44.9
HCOB Services PMI	Bullish change	48.3	50.5
Consumer Confidence	Bullish change	-14.9	-14.7
Producer Price Index (MoM)	Bullish change	-0.4%	0.2%
Producer Price Index (YoY)	Bullish change	-4.1%	-2.9%
Core Harmonized Index of Consumer Prices (MoM)	(no change)	1.1%	1.1%
Core Harmonized Index of Consumer Prices (YoY)	(no change)	2.9%	2.9%
Harmonized Index of Consumer Prices (MoM)	(no change)	0.8%	0.8%
ZEW Survey – Current Situation	Bullish change	-80.5	-79.2
ZEW Survey – Economic Sentiment	Bullish change	31.7	42.9
ZEW Survey – Economic Sentiment	Bullish change	33.5	43.9
Consumer Price Index (EU Norm) (YoY)	Bearish change	1.3%	1.2%
Consumer Price Index (YoY)	Bearish change	1.3%	1.2%

About S&P Global/BME Services PMI

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

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	Australia		Gross Domestic Product (QoQ)
	Canada		Gross Domestic Product Annualized
	Switzerland		Gross Domestic Product s.a. (QoQ)
	China		Non-Manufacturing PMI
	China		Gross Domestic Product (YoY)
	China		Gross Domestic Product (QoQ)
	China		NBS Manufacturing PMI
	Germany		S&P Global/BME Manufacturing PMI
	Germany		Gross Domestic Product (QoQ)
	Germany		S&P Global/BME Composite PMI
	Eurozone		Gross Domestic Product s.a. (YoY)
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	Japan		Gross Domestic Product (QoQ)
	Japan		Tankan Large Manufacturing Index
	New Zealand		Gross Domestic Product (YoY)
	New Zealand		Gross Domestic Product (QoQ)
	United Kingdom		S&P Global/CIPS Services PMI
	United Kingdom		Gross Domestic Product (QoQ)
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	United States		Nondefense Capital Goods Orders ex Aircraft
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	Australia		S&P Global Services PMI
	Australia		AiG Industry Index
	Australia		Gross Domestic Product (YoY)
	Canada		Bank of Canada Business Outlook Survey
	Canada		Gross Domestic Product (MoM)
	Canada		Ivey Purchasing Managers Index
	Canada		Ivey Purchasing Managers Index s.a
	Canada		Gross Domestic Product (QoQ)
	Canada		S&P Global Manufacturing PMI
	Switzerland		KOF Leading Indicator
	Switzerland		Industrial Production (YoY)
	Switzerland		Gross Domestic Product (YoY)
	Switzerland		ZEW Survey – Expectations
	China		Industrial Production (YoY)
	China		Caixin Services PMI
	China		Caixin Manufacturing PMI
	Germany		ZEW Survey – Economic Sentiment
	Germany		IFO – Current Assessment
	Germany		IFO – Expectations
	Germany		ZEW Survey – Current Situation
	Germany		IFO – Business Climate
	Germany		Gross Domestic Product w.d.a (YoY)
	Germany		Gross Domestic Product (YoY)
	Eurozone		ZEW Survey – Economic Sentiment
	Eurozone		S&P Global Manufacturing PMI
	Eurozone		S&P Global Services PMI
	Eurozone		Industrial Production s.a. (MoM)
	Eurozone		Business Climate
	Spain		S&P Global Services PMI
	Spain		S&P Global Manufacturing PMI
	France		S&P Global Manufacturing PMI
	France		S&P Global Composite PMI
	France		Gross Domestic Product (QoQ)
	India		HSBC Services PMI
	India		HSBC Manufacturing PMI
	India		HSBC Composite PMI
	Italy		Gross Domestic Product (YoY)
	Italy		S&P Global Manufacturing PMI
	Italy		Gross Domestic Product (QoQ)
	Italy		S&P Global Services PMI
	Japan		Tankan Large All Industry Capex
	Japan		Tankan Large Manufacturing Outlook
	Japan		Industrial Production (YoY)
	Japan		Gross Domestic Product Annualized
	New Zealand		Business NZ PMI
	New Zealand		NZIER Business Confidence (QoQ)
	Poland		Purchasing Manager Index
	United Kingdom		Manufacturing Production (MoM)
	United Kingdom		S&P Global/CIPS Composite PMI
	United Kingdom		Manufacturing Production (YoY)
	United Kingdom		Gross Domestic Product (MoM)
	United Kingdom		Industrial Production (MoM)
	United Kingdom		Gross Domestic Product (YoY)
	United Kingdom		NIESR GDP Estimate (3M)
	United Kingdom		S&P Global/CIPS Manufacturing PMI
	United States		Durable Goods Orders ex Defense
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	United States		S&P Global Services PMI
	United States		Chicago Fed National Activity Index
	United States		Factory Orders (MoM)
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Calendar - S&P Global/BME Services PMI - Germany

S&P Global/BME Services PMI

Most recent - Tuesday 23 April 2024 07:30

Next event - Monday 6 May 2024 07:55

Trading range

Trading range after each S&P Global/BME Services PMI event

Forecast history

Past events

Economic context

About S&P Global/BME Services PMI

Related events