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EconomyGerman services downturn eases in July as demand picks up, PMI shows

Germany’s services sector saw only a marginal contraction in July, according to a business survey. Demand edged higher during the month, while new business increased for the first time in five months. The figures point to a modest easing in the sector’s downturn. The survey was released on Wednesday.

Germany economyservices sectorPMI

RReuters★★★☆☆2026-08-05 09:40Original

German services downturn eases in July as demand picks up, PMI shows
German services downturn eases in July as demand picks up, PMI showsEconomy