Germany Markit/BME Services Purchasing Managers Index (Final)(Jan)-FX168 Financial Network

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Release frequency：MonthImportance：

Indicator explain: Data compilation agency Markit and the German Materials Management, Purchasing and Logistics Association (BME) jointly released the Service Industry Purchasing Managers Index, which is compiled based on the original value of Investigation Data from about 500 German service industry companies surveyed, reflecting the feelings of Germany service industry purchasing managers on industry activities and the degree of arc of prosperity. Because the performance of Germany's service industry is often delayed, it is generally not as variable as elephant manufacturing Data and has little impact on the final GDP Data. Data above 50 indicates industry expansion, and data below 50 indicates industry Contractive. When the index is above 50 hour, it means that Representation service industry expansion will be positive for the euro, and when the index is below 50, it will be Bearish for the Euro.

Frequency explain: Monthly report, the initial Data value of the current month is announced at the end of each month, and the final Data value of the previous month is announced on the third working day of each month.

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