FX.co ★ German Services Momentum Eases Slightly as HCOB PMI Slips to 52.5 in October

Germany’s services sector expanded at a slightly slower pace in October, with the HCOB Germany Services PMI edging down to 52.5 from 52.9 previously. Both the prior and current readings relate to October 2026, with the latest figures updated on 4 November 2026.

Despite the marginal decline, the index remains above the 50-point threshold that separates expansion from contraction, indicating continued growth in Germany’s services activity. The slight pullback from 52.9 to 52.5 suggests that while the sector is still on an upward trajectory, the pace of expansion has moderated.