{"id":234276,"date":"2025-07-03T08:52:12","date_gmt":"2025-07-03T08:52:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/234276\/"},"modified":"2025-07-03T08:52:12","modified_gmt":"2025-07-03T08:52:12","slug":"german-services-sector-stabilises-in-june-pmi-shows","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/234276\/","title":{"rendered":"German services sector stabilises in June, PMI shows"},"content":{"rendered":"\n<p> Jul 03, 2025 01:27 PM IST <\/p>\n<p>    GERMANY-ECONOMY\/PMI:German services sector stabilises in June, PMI shows     <\/p>\n<p> BERLIN, &#8211; Germany&#8217;s services sector showed signs of stabilisation at the end of the second quarter, with business activity experiencing only a marginal decline in June, a survey showed on Thursday. <\/p>\n<p>     <img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/ht-generic_world3_1751287565645_1751287575996.jpg\" alt=\"German services sector stabilises in June, PMI shows\" title=\"German services sector stabilises in June, PMI shows\"\/>   German services sector stabilises in June, PMI shows    <\/p>\n<p> The HCOB final services Purchasing Managers&#8217; Index rose to 49.7 in June, up from May&#8217;s 2-1\/2-year low of 47.1 but slightly below the preliminary reading for June of 49.4. <\/p>\n<p> Any reading above 50 indicates expansion, while a reading below that number signals contraction. <\/p>\n<p> &#8220;Service providers have been having somewhat of a tough time for three months now,&#8221; said Hamburg Commercial Bank chief economist Cyrus de la Rubia, adding that since the COVID-19 pandemic, activity in the sector has been more volatile. <\/p>\n<p> The survey revealed an easing decline in new business as well as a fall in work backlogs for the 14th month in a row. <\/p>\n<p> Employment continued to rise modestly for the sixth consecutive month, as firms sought to expand capacity. <\/p>\n<p> &#8220;Taking a positive view, this could be interpreted as meaning that service providers are confident that they will soon receive more orders,&#8221; said de la Rubia. <\/p>\n<p> &#8220;Being a bit more sceptical, higher employment could suggest that more people are needed to achieve a similar level of activity as before.&#8221; Due in part to the government&#8217;s economic stimulus package, &#8220;we expect economic growth in Germany to pick up in the second half of the year, benefiting not only the construction sector and industry, but also the service sector,&#8221; he said. <\/p>\n<p> The composite PMI index, which comprises services and manufacturing, climbed to 50.4 in June from 48.5 in May. <\/p>\n<p><strong>This article was generated from an automated news agency feed without modifications to text.<\/strong><\/p>\n<p>        <img decoding=\"async\" class=\"lazy\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/story_trending@2x.png\" alt=\"\" title=\"\"\/>               <\/p>\n","protected":false},"excerpt":{"rendered":"Jul 03, 2025 01:27 PM IST GERMANY-ECONOMY\/PMI:German services sector stabilises in June, PMI shows BERLIN, &#8211; Germany&#8217;s services&hellip;\n","protected":false},"author":2,"featured_media":230365,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5310],"tags":[91745,2000,299,1824,91746,38639],"class_list":{"0":"post-234276","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-germany","8":"tag-business-activity","9":"tag-eu","10":"tag-europe","11":"tag-germany","12":"tag-purchasing-managers","13":"tag-services-sector"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114788456606860377","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/234276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=234276"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/234276\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/230365"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=234276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=234276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=234276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}