GE Flash Services PMI
Track the GE Flash Services PMI for early insights into German services sector activity and economic momentum.
Overview
Germany is the Eurozone’s largest economy, making its PMI data highly influential for EUR markets. This indicator focuses on the services sector, which represents the majority of German GDP. The Flash release is published about a week before the final PMI and has the most market impact.
Key Information
What it Measures
Level of a diffusion index based on surveyed purchasing managers in the services sector.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically has a positive effect on the currency.
Source & Frequency
S&P Global (latest release) - https://www.pmi.spglobal.com/ • Released monthly, roughly three weeks into the current month.
How Data is Derived
Survey of purchasing managers which asks respondents to rate the relative level of business conditions including new business, employment, prices, and business expectations
Also Known As
N/A
Acronym
Purchasing Managers' Index (PMI)