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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany S&P Global Services PMI fell to 49.7 Points in August 2026
FMPMonthlyReleased September 2026
Germany S&P Global Services PMI fell to 49.7 Points in August 2026, released September 2026, down 0.1 Points from July's 49.8 Points reading. The reading matched the 48.5 Points consensus.
Latest Release
49.700000
Actual
48.500000
Consensus
49.800000
Previous
Median Absolute Error
±1.01
across last 12 releases
Last Call
Sep 2026
Predicted: 48.13
Actual: 49.7
Error: -1.58
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.43 | FOREX | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.38 | INDEX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.38 | COMMODITIES | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.35 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Services PMI (Germany) was reported at 49.70 Points in August 2026. This beat the market consensus of 48.50 Points by 1.20 Points. The reading fell from the previous value of 49.80 Points. Over the past 12 months, the indicator has averaged 49.19 Points, ranging from 46.80 Points to 51.20 Points across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 49.33 Points, up from the prior three at 48.17 Points.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.01 Points.
WHAT TO WATCH NEXT
The next release is scheduled for September 23, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Sep 15) and Wholesale Prices YoY (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update September 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 (Aug 2026): actual 49.7 Points, consensus 48.5 Points. Prior reading (Aug 2026): 48.5 Points. Before that (Jul 2026): 49.8 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.45) — a useful reference for index-focused traders.
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Economic Calendar - DE Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Wholesale Prices MoM | 0.2 | 0.1 | -0.60 | Medium | |
| 06:00 | DE | Wholesale Prices YoY | 5.3 | 6.2 | 5.35 | Medium | |
| 09:00 | DE | ZEW Economic Sentiment Index | 34.2 | 37 | 45.25 | High | |
| 09:00 | DE | ZEW Current Conditions | -61.1 | -52.2 | -53.70 | Low | |
| 09:00 | DE | Economic Sentiment | 34.2 | 42.7 | 50.85 | Medium | |