Germany Services PMI comes in at 49.8 against 49.6 consensus

The Germany S&P Global Services PMI, released on August 5, 2026, printed at 49.8. This figure was slightly above the consensus expectation of 49.6, representing a 0.4% surprise. The previous reading for the indicator was also 49.6.

Following the release, EUR pairs showed limited movement in the initial 15 minutes. EURAUD moved -5.2 pips, EURCAD moved +1.0 pips, EURCHF moved +2.2 pips, EURGBP moved -1.3 pips, EURJPY moved +5.1 pips, EURNZD moved -3.1 pips, and EURUSD moved +0.4 pips. These observed moves are small when compared to typical historical reactions for this event. For instance, EURAUD typically sees a median 1-hour move of 13 pips, and EURUSD a median 1-hour move of 10 pips after past releases.