Gauge for the overall performance of the German service sector. The Services PMI interviews German executives on the status of sales, employment, and their outlook. Because the performance of the German service sector is extremely consistent over time, services does not impact final GDP figures as much as the more volatile figure on the manufacturing sector. For this reason Services PMI usually causes little market movement. The survey results are quantified and presented as an index on a 1-100 scale. The headline figure is the percentage change in the index.

Relevance: Rarely affects markets
Release schedule : 7:55 (GMT); month, the first half of each month
Source of report : NTE Economics
Web Address : http://www.ntc-research.com/
Address of release : http://www.ntc-research.com/Information/AboutPMIData.asp
Refer to Release Date> Press Center
AKA : Purchasing Managers Index, NTC Research PMI