- Analytics
- News and Tools
- Market News
- German services PMI lower than expected in October
German services PMI lower than expected in October
Germany's service sector started the fourth quarter on a strong footing, despite growth in business activity easing slightly since September, according to the latest PMI survey data from IHS Markit. Inflows of new work rose at the fastest pace for 20 months in October, signalling a backdrop of robust demand, and job creation also picked up to show the strongest increase in tertiary sector employment since May.
The seasonally adjusted final IHS Markit Germany Services PMI Business Activity Index was at 54.7 in October, down from September's six-month high of 55.6 (and below the flash estimate of 55.2) but still indicative of a robust rate of expansion. The latest figure was slightly above the average recorded in the third quarter, and indeed for the year so far (54.5).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
