{"id":427908,"date":"2026-03-04T16:00:23","date_gmt":"2026-03-04T09:00:23","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/03\/germany-february-final-services-pmi-53-5-vs-53-4-prelim\/"},"modified":"2026-03-04T16:00:23","modified_gmt":"2026-03-04T09:00:23","slug":"germany-february-final-services-pmi-53-5-vs-53-4-prelim","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/germany-february-final-services-pmi-53-5-vs-53-4-prelim-427908\/","title":{"rendered":"Germany February final services PMI 53.5 vs 53.4 prelim"},"content":{"rendered":"<div>\n<ul>\n<li>Prior 52.4<\/li>\n<li>Final Composite PMI 53.2 vs 53.1 prelim<\/li>\n<li>Prior 52.1<\/li>\n<\/ul>\n<p>Key findings:<\/p>\n<ul>\n<li>Employment falls again despite positive business expectations\n<\/li>\n<\/ul>\n<p>Comment:<\/p>\n<p>Commenting on the PMI data, Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said:\n<\/p>\n<p>\u201cThis is pretty robust growth from the service sector in February. The prospects for continued expansion are good, as new<br \/>\nbusiness grew more strongly than in the previous month, supported by large orders and a noticeable increase in new work<br \/>\nfrom abroad. The order backlog, which had been declining in the previous three months, also rose in February. However,<br \/>\ncompanies are trying to cope with the improved business situation with fewer employees. Perhaps companies need a little<br \/>\nmore certainty before they start hiring again.\n<\/p>\n<p>\u201cCosts in the service sector continue to rise quite rapidly. In addition to higher wages, companies cite increased energy and<br \/>\ntransport costs as the reason for this. However, they were only able to pass on a smaller portion of these cost increases to<br \/>\ntheir customers. In view of the increase in business activity, however, we would not derive a trend from this pressure on<br \/>\nmargins, especially as optimism about future business activity remains at a high level and has only fallen slightly.\n<\/p>\n<p>\u201cThe Composite PMI indicates that economic growth in the first quarter of the new year could remain at the previous<br \/>\nquarter&#8217;s level of 0.3%. Another positive factor is that both the service sector and the manufacturing sector, which had been<br \/>\na drag on growth for a long time, are expanding, and the order situation has improved in both sectors. The recovery could<br \/>\nthus stabilize.\u201d<\/p>\n<p>                            This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior 52.4 Final Composite PMI 53.2 vs 53.1 prelim Prior 52.1 Key findings: Employment falls again despite positive business expectations Comment: Commenting on the PMI data, Cyrus de la Rubia, Chief Economist&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-427908","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/427908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=427908"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/427908\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=427908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=427908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=427908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}