Solid expansion for German services sector

Market news

3 February 2017

Solid expansion for German services sector

At 53.4 in January, the final seasonally adjusted Markit Germany Services PMI Business Activity Index pointed to a solid expansion of output during January. That said, the latest figure was down from 54.3 in December and below the average over 2016 as a whole (54.1). Surveyed firms linked greater activity to new business gains, although there were also reports of lower demand in some cases.

Euro zone services sector has signalled expansion in each of the past 43 months

Eurozone: Services PMI, January 53.7 (forecast 53.6)

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