Germany's S&P Global Flash Services PMI fell to 48.5 in August 2026 from 49.8 in July, missing market expectations of 50.1, preliminary data showed. The reading marked the fifth consecutive month of contraction and the fastest pace since May, pointing to continued weakness in the services sector. The decline came even as new orders increased modestly for a second consecutive month and firms raised staffing levels for the first time in eight months. Meanwhile, backlogs of work declined at a slower pace. On the price front, the rate of inflation in services output prices moderated, which could support demand in the months ahead by easing cost pressures on customers. Business confidence was unchanged from July, indicating that firms remained optimistic about the outlook for activity over the coming year. source: S&P Global

Services PMI in Germany decreased to 48.50 points in August from 49.80 points in July of 2026. Services PMI in Germany averaged 52.35 points from 2007 until 2026, reaching an all time high of 61.80 points in July of 2021 and a record low of 16.20 points in April of 2020. This page provides the latest reported value for - Germany Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Services PMI in Germany decreased to 48.50 points in August from 49.80 points in July of 2026. Services PMI in Germany is expected to be 50.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Services PMI is projected to trend around 52.00 points in 2027 and 52.50 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 1995.00 2276.00 Companies May 2026
Ifo Business Climate 86.60 85.70 points Jul 2026
Capacity Utilization 78.40 77.70 percent Jun 2026
Car Production 322700.00 377700.00 Units Jul 2026
Car Registrations 268068.00 296378.00 Units Jul 2026
Changes in Inventories 14.84 26.42 EUR Billion Mar 2026
Composite Leading Indicator 100.72 100.76 points Jun 2026
Corporate Profits 204.92 210.61 EUR Billion Mar 2026
Corruption Index 77.00 75.00 Points Dec 2025
Corruption Rank 10.00 15.00 Dec 2025
Electricity Price 130.40 129.11 EUR/MWh Aug 2026
Factory Orders MoM 3.10 0.30 percent Jun 2026
Ifo Current Conditions 86.50 87.00 points Jul 2026
Ifo Expectations 86.70 84.30 points Jul 2026
Industrial Production -0.10 0.00 percent Jun 2026
Industrial Production MoM 0.20 0.70 percent Jun 2026
Manufacturing Production -0.50 -0.50 percent Jun 2026
Mining Production -6.70 -8.10 percent Jun 2026
Natural Gas Stocks Capacity 246.49 246.49 TWh Aug 2026
Natural Gas Stocks Injection 234.91 173.57 GWh/d Aug 2026
Natural Gas Stocks Inventory 123.71 123.60 TWh Aug 2026
Natural Gas Stocks Withdrawal 157.80 74.10 GWh/d Aug 2026
New Orders 92.70 89.90 points Jun 2026
New Car Registrations YoY 1.20 15.70 percent Jul 2026
Steel Production 2900.00 3200.00 Thousand Tonnes Jun 2026
ZEW Current Conditions -61.10 -77.60 points Aug 2026
ZEW Economic Sentiment Index 34.20 26.30 points Aug 2026


Germany Services PMI
The S&P Global Germany Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The headline figure is the Services Business Activity Index. This is a diffusion index calculated from a question that asks for changes in the volume of business activity compared with one month previously. The Services Business Activity Index is comparable to the Manufacturing Output Index. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Germany Services Activity Falls to 3-Month Low
Germany's S&P Global Flash Services PMI fell to 48.5 in August 2026 from 49.8 in July, missing market expectations of 50.1, preliminary data showed. The reading marked the fifth consecutive month of contraction and the fastest pace since May, pointing to continued weakness in the services sector. The decline came even as new orders increased modestly for a second consecutive month and firms raised staffing levels for the first time in eight months. Meanwhile, backlogs of work declined at a slower pace. On the price front, the rate of inflation in services output prices moderated, which could support demand in the months ahead by easing cost pressures on customers. Business confidence was unchanged from July, indicating that firms remained optimistic about the outlook for activity over the coming year.
2026-08-21
German Service Sector Nears Stabilization
Germany’s Services PMI rose to 49.8 in July 2026 from 48.6 in June, revised higher from the preliminary estimate of 49.6, indicating the sector moved closer to stabilization as activity contracted at its slowest pace since the current downturn began in April. New business expanded marginally for the first time in five months, supported by higher customer numbers, although foreign demand continued to decline. Output also remained constrained by elevated prices and geopolitical uncertainty, while employment fell for a seventh consecutive month, albeit at the slowest pace of the current sequence. Backlogs of work also declined further but at the weakest rate since March. Meanwhile, both input cost and output price inflation accelerated, reflecting higher fuel costs following the expiry of the temporary fuel tax cut and persistent wage pressures. Business confidence improved further from April's recent low as firms grew more optimistic about activity over the coming year.
2026-08-05
Germany Services Sector Contracts at Softer Pace
Germany's S&P Global Flash Services PMI rose to 49.6 in July 2026 from 48.6 in June, marking a four month high and beating market expectations of 49, according to preliminary estimates. Although the index remained just below the 50 threshold, it pointed to a much slower pace of contraction, with business activity nearing stabilization after four consecutive months of decline. The downturn in new business also eased, reflecting improving demand conditions across the services sector. Business confidence strengthened and climbed back above its long run average, signalling greater optimism about the outlook. On the price front, input cost inflation accelerated slightly, with firms citing higher fuel prices alongside persistent wage pressures. Services companies also increased their selling prices at a somewhat faster pace, suggesting that cost pressures continued to be passed on to customers despite the still subdued pace of activity.
2026-07-24