Monthly Preliminary Index Indicating Services Sector Sentiment in Germany
Germany| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The Services Purchasing Managers' Index (PMI, Flash) is a monthly indicator designed to quickly evaluate economic activity in Germany's services sector. This index is based on a survey conducted by IHS Markit, which collects data from purchasing managers in the services industry on new orders, inventory levels, employment conditions, delivery times, and price trends.
The PMI uses 50 as the baseline. A reading above 50 indicates expansion in the services sector, while a reading below 50 indicates contraction. The flash PMI provides preliminary figures based on initial data. This index is a crucial tool for rapidly understanding the current state of the German economy, especially for assessing trends in the services sector.
Policymakers use the flash Services PMI to evaluate the economic outlook and formulate appropriate monetary policies. For example, if the index indicates strong growth, the central bank may consider raising interest rates to mitigate inflation risks. Conversely, if the index shows a decline, there may be a need to enhance economic stimulus measures. This index is also a vital information source for businesses and investors to gauge the sentiment and performance of the services sector.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
