S&P Global Germany Services Purchasing Managers Index (PMI)

Markit Services PMI reflects the level of activity in Germany's private service companies during the given month. The indicator calculation is based on a survey of representatives of the service sector private companies. The survey covers transport companies, financial organizations, IT companies, hotel and restaurant businesses, telecommunication providers, etc. The survey considers the number of orders, the volume of work done, employment and price trends in the industry. The index reflects the conditions of doing business in the service sector. Readings above 50 can affect euro quotes positively.