German Service Sector Contracts in April in World Economy News 24/04/2026 Germany’s flash Services PMI fell sharply to 46.9 in April 2026 from 50.9 in March, missing expectations of 50.3 and marking the deepest contraction since November 2022. The data points to a significant downturn in service sector activity, with business volumes posting their steepest decline in nearly three and a half years. New orders dropped notably, highlighting weakening demand, while input cost inflation accelerated to its fastest pace since March 2023. Service providers also raised output prices at the strongest rate in 35 months, signaling persistent price pressures. Employment declined further as firms reduced staffing levels, and backlogs of work fell at a faster pace, reflecting softer demand and ongoing pressure across the sector. Source: Trading Economics 2026-04-24 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share