The IHS Markit Germany Composite PMI was revised slightly higher to 51.2 in January of 2020 from a preliminary of 51.1 and above 50.2 in December. The reading pointed to the strongest increase in private sector activity in five months, amid faster growth in services (54.2 from 52.9) while manufacturing fell less (45.3 from 43.7). Output increased slightly more; new business returned to growth after falling for six months due in part to an easing drag from external demand, with new orders from abroad falling at the slowest rate in the current 17-month sequence of decline; and job creation accelerated a bit. Input price inflation was the highest in six months while the output one remained among the weakest over the past three-and-a-half years. Finally, future output expectations were the strongest in 16 months, as both manufacturers and service providers were more confident.
Composite Pmi in Germany averaged 54.07 points from 2013 until 2020, reaching an all time high of 59 points in January of 2018 and a record low of 48.50 points in September of 2019. This page provides the latest reported value for - Germany Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Markit Economics
Composite Pmi in Germany is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Germany to stand at 52.90 in 12 months time. In the long-term, the Germany Composite PMI is projected to trend around 54.50 points in 2021, according to our econometric models.