Germany Services PMI Falls to 50.9

S&P Global Germany Services PMI Business Activity Index fell to 50.9 in March, down from 53.5 in February, a seven‑month low.
New business contracted for first time since September, blamed on Middle East war, higher fuel prices and tighter financial conditions.
Input cost inflation hit highest since Feb 2024, yet average prices rose at slowest 2026 pace, limiting firms’ ability to pass costs.
Services employment fell third month, confidence for year hit 2026 low, while Composite PMI slipped to 51.9, manufacturing rose to 49‑month high.