Germany S&P Global Services PMI - ForexCracked
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Euro area

Germany S&P Global Services PMI EUR

Medium impact Updated after every release
Next release Wed, Sep 23 07:30 UTC · consensus 50.6 · previous 49.7  

What this release is

The Germany S&P Global Services Purchasing Managers’ Index, or PMI, is a monthly business survey published by S&P Global. It provides an indicator of the economic health of Germany’s services sector. This report is officially sourced from markiteconomics.com, offering a detailed look at business conditions.

Forex traders monitor this release because the services sector is a significant component of the German economy. Its performance offers insights into overall economic growth, inflation pressures, and employment trends. These factors can influence the European Central Bank’s monetary policy outlook, which in turn affects the euro’s valuation.

The market typically focuses on the headline PMI figure upon its monthly release. Significant deviations from expectations or notable revisions to preliminary readings have historically drawn attention. This report offers a timely assessment of business conditions within the services industry.

How hard it hits, measured

242 releases · own feed
Typical EURUSD move
10pips / 1h
Median absolute move in the hour after the release
Big-release move
16pips / 1h
Top-quarter releases move at least this much
Largest measured
70pips
Biggest one-hour reaction in our archive
Direction reliability
n/a
Unlocks after 8 live-captured releases with consensus. Measured, never estimated
Pair5 min15 min1 hourBig release (1h)
EURUSD3.8p5.8p9.9p16p
EURAUD3.9p7.9p13p23p
EURCAD4.2p6.5p11p18p
EURCHF2.6p3.9p5.6p11p
EURGBP2.5p3.7p7.0p13p
EURJPY5.7p8.6p13p25p
EURNZD4.9p8.4p14p22p

How we measure: moves come from our own MT4 price feed and our archived minute bars, sampled 5, 15 and 60 minutes after each release against the pre-release price. No estimates, no third-party numbers. Releases where our feed had a gap are skipped, never guessed.

What usually happens

conditional history
Beat above consensus EURUSD closed the hour higher in 21 of 37 cases · median +4.3p n=37 live
Miss below consensus EURUSD closed the hour higher in 21 of 41 cases · median +1.0p n=41 live
In line within the surprise band EURUSD closed the hour higher in 53 of 103 cases · median +0.4p n=103 live

These are counts of what happened after past releases, conditional on the surprise direction. They are history, not a forecast, and never a trade recommendation. Sample sizes are shown because small samples mislead; rows stay locked until the sample is honest.

Release history

accumulates every release
DateActualForecastPreviousRevised toEURUSD 1h
Sep 3, 202649.748.548.5—+5.7p—
Aug 21, 202648.551.249.8—+1.4p—
Aug 5, 202649.849.649.6—-2.1p—
Jul 24, 202649.64948.6—-9.9p—
Jul 3, 202648.646.846.8———
Jun 23, 202646.852.248.8—-30p—
Jun 3, 202648.847.847.8—-12p—
May 21, 202647.846.846.9—+37p—
May 6, 202646.946.946.9—+37p—
Apr 23, 202646.95150.9—-0.2p—
Apr 7, 202650.951.251.2—+28p—
Mar 24, 202651.253.453.5—-7.7p—
Mar 4, 202653.553.453.4—+7.5p—
Feb 20, 202653.4—52.7—+12p—
Jan 6, 202652.7—52.6—-14p—
Dec 16, 202552.652.653.1—-6.1p—
Dec 3, 202553.152.752.7—+3.8p—
Nov 21, 202552.752.854.6—-12p—
Nov 5, 202554.654.554.5—-8.7p—
Oct 24, 202554.550.452—+1.5p—
Oct 3, 202552—52.5—+12p—
Sep 23, 202552.550.249.3—+6.7p—
Sep 3, 202549.350.150.1—+22p—
Aug 21, 202550.151.450.6—+11p—

Showing the latest 24 of 200 tracked releases.

Reaction = EURUSD move 60 minutes after the release, measured from our own price history. Story links appear for releases our news desk covered; every release gets a row here whether or not it gets a story. Values from before our live tracking began are the current figures in the official statistical series, so they include later revisions; live rows record the number as printed.

Market statistics, not financial advice. All reaction figures are measured from our own price feed under our published methodology.
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