20.02.202608:30:00UTC+00Germany’s Services Sector Momentum Strengthens as HCOB PMI Rises in February

Germany’s services sector extended its expansion in February, with the HCOB Germany Services PMI edging up to 53.4, from 52.4 in January 2026. The latest reading, updated on 20 February 2026, underscores a further improvement in business activity across the country’s services industry.

The move from 52.4 to 53.4 signals that growth in the sector not only remains intact but is gaining pace, as values above 50 indicate expansion. While detailed drivers of the rise are not provided, the continued upward trajectory of the PMI suggests that Germany’s service providers are experiencing stronger operating conditions compared with the start of the year.

This acceleration in services activity could play an important role in supporting overall economic performance, particularly at a time when services have become an increasingly critical pillar for growth in Europe’s largest economy.