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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany S&P Global Services PMI fell to 51.7 Points in September 2026
FMPMonthlyReleased October 2026
Germany S&P Global Services PMI fell to 51.7 Points in September 2026, released October 2026, down 1.2 Points from August's 52.9 Points reading. The reading matched the 52.5 Points consensus.
Latest Release
51.700000
Actual
52.500000
Consensus
52.900000
Previous
Median Absolute Error
±1.1
across last 12 releases
Last Call
Oct 2026
Predicted: 52.77
Actual: 51.7
Error: +1.07
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
S&P Global Services PMI (Germany) was reported at 51.70 Points in September 2026. This missed the market consensus of 52.50 Points by 0.80 Points. The reading fell from the previous value of 52.90 Points. Over the past 12 months, the indicator has averaged 50.02 Points, ranging from 46.80 Points to 52.90 Points across 12 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 52.50 Points, up from the prior three at 49.33 Points.
THE MODEL'S TAKE
Over the last 12 releases, the Sigmacast model's median absolute error is 1.10 Points.
WHAT TO WATCH NEXT
The next release is scheduled for November 23, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Oct 30) and Inflation Rate MoM (Oct 30).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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S&P Global Services PMI - DE
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About S&P Global Services PMI — Germany
DEFINITION
The S&P Global Services PMI is a widely recognized financial indicator that measures the performance of the global services sector. It provides valuable insights into the health and growth of the services industry, which accounts for a significant portion of the global economy. This indicator is based on a monthly survey of purchasing managers in key service sectors, providing timely and reliable data on business activity, new orders, employment, and prices. The S&P Global Services PMI is a crucial tool for investors, businesses, and policymakers in making informed decisions and assessing the overall economic outlook.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual 51.7 Points, consensus 52.5 Points. Prior reading (Sep 2026): 52.9 Points. Before that (Sep 2026): 52.9 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection.
Σ
EXPECTED ZONE
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Economic Calendar - DE Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | DE | Import Prices MoM | 2.1 | 1 | 1.8 | 1.95 | Low |
| 07:00 | DE | Import Prices YoY | 10.4 | 8.3 | 10.3 | 10.35 | Low |
| 08:55 | DE | Unemployment Rate | 6.4 | 6.4 | 6.4 | 6.43 | High |
| 08:55 | DE | Unemployed Persons | 3.016 | 3.012 | 3.017 | 3.02 | Medium |
| 08:55 | DE | Employment Change | 4 | 12 | 5 | 5.00 | High |
| 09:00 | DE | GDP Growth Rate QoQ | 0.2 | 0.3 | 0.1 | 0.15 | High |
| 09:00 | DE | GDP Growth Rate YoY | 1.2 | 1 | 1.1 | 1.15 | High |