Germany selected services turnover index, constant prices
Germany selected services turnover index, constant prices stood at 123.1 in Jul 2026, according to Deutsche Bundesbank and Statistisches Bundesamt (Destatis). It is one of the indicators in the Services output, turnover and employment table (Value · Monthly), with a complete series running from Mar 2015 to Jul 2026. The complete series with an interactive chart, free to download.
This indicator in the Services output, turnover and employment table
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover: Selected services, total5 | 123.1 | 120.1 | 118.6 | 113.8 | 122.3 | 104.1 | 105.1 | 137.5 | 118.7 | 120.7 | |
| Turnover: Transportation and storage | 121.8 | 113.2 | 120.1 | 112.1 | 125.8 | 99.3 | 102.7 | 106 | 116.1 | 117.4 | |
| Turnover: Information and communication | 136.3 | 144.4 | 129.9 | 127.9 | 146.3 | 129.4 | 132.7 | 196.6 | 132.9 | 133 |
Understanding germany selected services turnover index, constant prices
Deflated to remove price changes, this composite metric evaluates the real, inflation-adjusted revenue generated across major segments of the tertiary economy. By applying statistical deflators to raw sales data, the index strips out the distortion of price changes to reveal the actual purchasing power generated by logistics, hospitality, technology, real estate, professional, and administrative firms. Focusing on constant prices ensures that a rising index reflects a genuine expansion in business activity rather than mere inflationary pressure. This broad grouping deliberately excludes the financial sector and public administration to provide a pure gauge of commercial service health.
When reading this constant-price indicator, period-on-period comparisons are highly effective for tracking the immediate business cycle, provided the figures are appropriately seasonally adjusted to handle the summer hospitality peak. The accuracy of the deflator itself is often the biggest pitfall; if statistical agencies underestimate service-sector inflation, this real turnover index will artificially overstate economic growth. Preliminary releases undergo routine revisions as more accurate price data becomes available to adjust the nominal survey returns. Furthermore, analysts must watch for major rebasing events, where the reference year for the constant prices is updated, slightly altering historical growth trajectories.
Frequently asked questions
- What does constant prices mean in this context?
- It indicates that raw sales data has been adjusted for inflation to show the real volume of business activity.
- How does this differ from the nominal turnover index?
- Nominal turnover includes price hikes, whereas this metric removes them to isolate genuine economic expansion.
- Are banking revenues included in this total?
- Financial and insurance activities are entirely excluded from this specific commercial grouping.