Market news
05.03.2018, 08:59

German services PMI in line with expectations in February

The seasonally adjusted final IHS Markit Germany Services PMI Business Activity Index dipped to a three-month low of 55.3 in February, down from January's 57.3. Despite easing, the rate of business activity growth remained robust in the context of the historical trend. Hotels & Restaurants and Post & Telecommunications were the two strongest performing areas, while Other Services - which includes health, education and leisure activities - was the only sector in which output fell. Manufacturing output growth also eased in February, down to the lowest for four months, resulting in a fall in the final IHS Markit Germany Composite Output Index to 57.6, from an 81- month high of 59.0 in January.

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