• German services PMI rose more than expected in May

Market news

5 June 2017

German services PMI rose more than expected in May

The seasonally adjusted IHS Markit Germany Services PMI Business Activity Index remained well above the no-change mark of 50.0 in May. The Index was unchanged from April at 55.4 and close to March's 15-month high of 55.6, signalling a sustained strong expansion in service sector output. The headline figure also remained above its long-run average of 53.2 since the survey began in June 1997. Activity has risen continuously for four years, the second-longest sequence of growth in the survey history.

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