Germany’s flash Services PMI fell sharply to 46.9 in April 2026 from 50.9 in March, missing expectations of 50.3 and marking the deepest contraction since November 2022. The data points to a significant downturn in service sector activity, with business volumes posting their steepest decline in nearly three and a half years. New orders dropped notably, highlighting weakening demand, while input cost inflation accelerated to its fastest pace since March 2023. Service providers also raised output prices at the strongest rate in 35 months, signaling persistent price pressures. Employment declined further as firms reduced staffing levels, and backlogs of work fell at a faster pace, reflecting softer demand and ongoing pressure across the sector. source: S&P Global

Services PMI in Germany decreased to 46.90 points in April from 50.90 points in March of 2026. Services PMI in Germany averaged 52.41 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 46.90 points in April from 50.90 points in March of 2026. Services PMI in Germany is expected to be 52.00 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.



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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
German Service Sector Contracts in April
Germany’s flash Services PMI fell sharply to 46.9 in April 2026 from 50.9 in March, missing expectations of 50.3 and marking the deepest contraction since November 2022. The data points to a significant downturn in service sector activity, with business volumes posting their steepest decline in nearly three and a half years. New orders dropped notably, highlighting weakening demand, while input cost inflation accelerated to its fastest pace since March 2023. Service providers also raised output prices at the strongest rate in 35 months, signaling persistent price pressures. Employment declined further as firms reduced staffing levels, and backlogs of work fell at a faster pace, reflecting softer demand and ongoing pressure across the sector.
2026-04-23
Germany Services PMI Revised Lower
The HCOB Germany Services PMI was revised lower to 50.9 in March 2026 from a preliminary reading of 51.2, down from 53.5 in February. This marked the weakest growth in services activity since a contraction in August 2025. New orders fell, ending a five-month sequence of growth, as firms reported heightened uncertainty among customers and a squeeze on spending due to rising fuel prices amid the Middle East war. This reflected a modest decrease in orders from abroad, following three consecutive months of growth. Employment also fell for the third month in a row. Input price inflation surged to its highest level since February 2024, moving further above its long-run average, while prices charged rose at the slowest pace recorded so far in 2026, though still above the historical trend. Moreover, business confidence dropped to its lowest level year-to-date, falling below its long-run average amid concerns over elevated energy prices, supply chain disruptions, and geopolitical uncertainty.
2026-04-07
Germany Services PMI Falls to 7-Month Low
Germany’s flash Services PMI fell to 51.2 in March 2026 from 53.5 in February, below market expectations of 52.5 and marking a seven-month low. New business inflows declined slightly, ending a five-month run of growth, as firms cited rising uncertainty, tighter financial conditions, and customers struggling with higher costs. Cost pressures continued to intensify, although the pace of output price inflation eased to a three-month low, remaining above the long-term average. Employment trends showed a slowdown in job shedding, offering some stability, but overall sentiment weakened, with business expectations dropping to an 11-month low while still in positive territory.
2026-03-24