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2026-04-07 16:29:02
[Germany's March Services PMI Final Reading Revised Down to 50.9] ⑴ The final reading of Germany's HCOB March Services Purchasing Managers' Index (PMI) was revised down to 50.9 from the preliminary reading of 51.2, lower than February's 53.5, marking the weakest growth since the contraction in services activity in August 2025. ⑵ New orders declined, ending a five-month streak of growth, as companies reported increased customer uncertainty and rising fuel prices due to the Middle East war squeezed spending. This reflects a slight decrease in orders from abroad after three consecutive months of growth. Employment also declined for the third consecutive month. ⑶ Input price inflation surged to its highest level since February 2024, further exceeding the long-term average, while output price increases were the slowest since 2026, but still above historical trends. Furthermore, business confidence fell to its lowest point this year due to concerns about high energy prices, supply chain disruptions, and geopolitical uncertainty.
