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Germany Services PMI Revised Lower

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The PMI Services index index by IHS Markit For Germany was revised lower to 55.6 in July 2020 from an initial estimate of 56.7 but above 47.3 in June.

This latest reading shows the highest growth in the services sector since June last year as more businesses resumed operations following the closure of COVID-19.

Components:

  • The employment index increased slightly and for the first time in five months.
  • In terms of price, input prices fell at a slower rate in three months.
  • Sentiment rose to a six-month high