FX.co ★ Germany’s HCOB Services PMI Edges Up to 53.5 in February

Germany’s services sector continued to expand in February, with the HCOB Germany Services Purchasing Managers’ Index (PMI) inching up to 53.5, compared with 53.4 previously.

The latest reading, covering February 2026 and updated on 4 March 2026, signals a marginal strengthening in activity within the country’s services industry and keeps the index comfortably above the 50-point threshold that separates expansion from contraction. While the increase from 53.4 to 53.5 is modest, it suggests that service providers are maintaining a positive momentum, underscoring a still-resilient part of the German economy.