GE Final Services PMI
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Mar 2008, is the earliest and thus tends to have the most impact;
- GE Final Services PMI Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 5, 2024 | 54.2 | 53.9 | 53.9 |
May 6, 2024 | 53.2 | 53.3 | 53.3 |
Apr 4, 2024 | 50.1 | 49.8 | 49.8 |
Mar 5, 2024 | 48.3 | 48.2 | 48.2 |
Feb 5, 2024 | 47.7 | 47.6 | 47.6 |
Jan 4, 2024 | 49.3 | 48.4 | 48.4 |
Dec 5, 2023 | 49.6 | 48.7 | 48.7 |
Nov 6, 2023 | 48.2 | 48.0 | 48.0 |
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- GE Final Services PMI News
Business activity continued rising across the German service sector in May, with stronger underlying demand providing added impetus to the upturn, the latest HCOB PMIŽ survey compiled by S&P Global showed. Services firms meanwhile upped the rate of job creation as they reported increased optimism towards growth prospects in the coming year. Inflationary pressures in the economy's largest sector eased midway through the second quarter. Although still above their respective long-run averages, the rates of increase in both input costs ...
Germany's service sector made an encouraging start to the second quarter, posting the fastest rise in business activity for ten months, the latest HCOB PMIŽ survey compiled by S&P Global showed. The upturn was supported by growth in new business, which in turn contributed to a pick-up in the pace of job creation as backlogs of work accumulated across the sector. Activity was expected to continue rising in the year ahead. At the same time, the survey signalled stubbornly high inflationary pressures across the services economy. Both ...
Germany's service sector ended the first quarter on a more stable footing, with firms growing increasingly optimistic about the outlook, according to the latest HCOB PMIŽ survey compiled by S&P Global. There was also sustained job creation amongst service providers amid reports of strategic hiring. Wage pressures continued to drive up businesses' costs, but the rates of inflation in both input prices and output charges slowed noticeably from the month before. The HCOB Germany Services PMIŽ Business Activity Index came in at 50.1 in ...
Germany's service sector remained under pressure from weak demand midway through the opening quarter, resulting in a fifth successive monthly drop in business activity, according to the latest HCOB PMIŽ survey compiled by S&P Global. More positively, firms' expectations for activity over the year ahead improved to the highest since last April, which in turn supported a notable pick-up in the rate of job creation. The service sector meanwhile saw inflationary pressures intensify, with rates of increase in input costs and output prices ...
January saw business activity across Germany's service sector fall for a fourth straight month and at the quickest rate since last August, according to the latest HCOB PMIŽ survey, compiled by S&P Global. The decline was driven by ongoing weakness in demand, although firms refrained from staff cuts amid an improvement in expectations for activity in the coming year. Inflationary pressures meanwhile remained persistently strong. Costs rose at the fastest rate for eight months, driven by wage increases, while output price inflation was ...
A further fall in service sector business activity in December was accompanied by an uptick in price pressures, according to the latest HCOB PMIŽ survey, compiled by S&P Global. Labour market conditions meanwhile weakened as services firms trimmed workforce numbers in line with falling demand and amidst sharply rising wages. Looking ahead, growth projections for the next 12 months remained muted, with a combination of political and economic uncertainty reportedly weighing on expectations. The HCOB Germany Services PMIŽ Business ...
Germany's service sector saw business activity fall marginally in November, with the rate of contraction easing from the previous month in line with a slower decline in new business, according to the latest HCOB PMIŽ survey compiled by S&P Global. Employment once again showed little-change, albeit this time rising fractionally following back-to-back marginal declines. Service providers, on balance, expected little growth in activity over the next 12 months. Elsewhere, latest data showed an uptick in cost pressures across the service ...
The German service sector slipped back into contraction at the start of the fourth quarter amid persistent weakness in demand, according to the latest HCOB PMIŽ survey compiled by S&P Global. There continued to be only limited spillover to the labour market, however, with employment decreasing just fractionally. Firms' expectations towards future activity remained subdued, although confidence did at least improve. Inflationary pressures across the services economy meanwhile continued to ease, with businesses recording the slowest ...
Released on Jun 5, 2024 |
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Released on May 6, 2024 |
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Released on Apr 4, 2024 |
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Released on Mar 5, 2024 |
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Released on Feb 5, 2024 |
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Released on Jan 4, 2024 |
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Released on Dec 5, 2023 |
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Released on Nov 6, 2023 |
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