• Markit Germany Services PMI Business Activity Index rose to 55.6 in March, fastest in 2 years

Market news

5 April 2017

Markit Germany Services PMI Business Activity Index rose to 55.6 in March, fastest in 2 years

The seasonally adjusted Markit Germany Services PMI Business Activity Index rose to 55.6 in March, from 54.4 in February, signalling the fastest expansion in service sector output since December 2015. In comparison, the index average since the survey began in June 1997 was at 53.1. Activity has risen continuously since June 2013, the second-longest sequence of growth in the survey history.

By sub-sector, growth was fastest in Post & Telecommunication, followed by Renting & Business Activities and Financial Intermediation respectively. Hotels & Restaurants recorded another marked decline in activity.

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