The IHS Markit Germany Composite PMI was revised slightly lower to 55.3 in July 2020 from a preliminary 55.5 and compared to June’s 47, final estimates showed. The reading pointed to the first expansion in the private sector in five months and the sharpest since August 2018, as more businesses reopened from the coronavirus lockdown. Output increased and new orders rose at the fastest pace in almost two-and-a-half years. Meanwhile, the job shedding rate slowed amid a renewed hiring in the service sector. On the price front, input and output prices continued to drop albeit at a weaker pace. Lastly, sentiment improved to a six-month high lifted by optimism among both manufacturers and services firms.

Composite Pmi in Germany averaged 53.08 points from 2013 until 2020, reaching an all time high of 59 points in January of 2018 and a record low of 17.40 points in April of 2020. 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. Germany Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Markit Economics

Composite Pmi in Germany is expected to be 47.00 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 55.50 in 12 months time. In the long-term, the Germany Composite PMI is projected to trend around 53.00 points in 2021 and 54.00 points in 2022, according to our econometric models.

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Germany Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
55.30 47.00 59.00 17.40 2013 - 2020 points Monthly


News Stream
German Private Sector Activity Back to Expansion
The IHS Markit Germany Composite PMI was revised slightly lower to 55.3 in July 2020 from a preliminary 55.5 and compared to June’s 47, final estimates showed. The reading pointed to the first expansion in the private sector in five months and the sharpest since August 2018, as more businesses reopened from the coronavirus lockdown. Output increased and new orders rose at the fastest pace in almost two-and-a-half years. Meanwhile, the job shedding rate slowed amid a renewed hiring in the service sector. On the price front, input and output prices continued to drop albeit at a weaker pace. Lastly, sentiment improved to a six-month high lifted by optimism among both manufacturers and services firms.
2020-08-05
German Private Sector Output Growth at 23-Month High
The IHS Markit Germany Composite PMI jumped to 55.5 in July 2020 from 47.0 in the previous month and well above market expectations of 50.3, a preliminary estimate showed. It was the highest reading since August 2018, signaling a continued recovery in the German economy from April's record slump as more businesses reopened from the coronavirus lockdown. Output and new orders rebounded firmly, while employment fell for a fifth month in a row and backlogs of work declined for the 21st consecutive month.
2020-07-24
German Private Sector Activity Shrinks at Slower Pace
The IHS Makit Germany Composite PMI was revised higher to 47 in June of 2020 from a preliminary of 45.8 and compared to 32.3 in May. Both manufacturing (45.2 from 36.6) and services (47.3 from 32.6) improved although still pointed to big contractions due to the coronavirus and the subsequent easing of lockdowns. Weighing on current activity levels was a continued lack of demand and, in particular, a sustained slump in new export business. There were some hopeful signs, however, as firms reported the smallest drop in order books during the crisis so far. On the price front, the recent downwards pressure on prices eased in June. Average charges for goods and services fell at the slowest rate in four months as costs neared stabilisation. Business confidence towards future activity meanwhile recovered strongly, with both monitored sectors seeing record increases in sentiment.
2020-07-03
Germany Private Sector Shrinks the Least in 4 Months
The IHS Markit Germany Composite PMI rose to 45.8 in June 2020 from 32.3 in the previous month, beating market expectations of 44.2, a preliminary estimate showed. The latest reading pointed to the softest decrease in services sector since the start of the Covid-19 disease outbreak in March, as both manufacturing (PMI at 44.6 vs 36.6 in May) and services (PMI at 50.3 vs 31.1) shrank less. The latest decline in new orders was the shallowest in the current 4-month sequence, and new export business also showed signs of steadying. Pressure on business capacity remained low, as highlighted by a further sharp drop in backlogs of work. Firms thereby reduced payroll numbers for the 4th month in a row, albeit with the rate of job losses easing further from April’s survey record to the weakest in the current sequence. Finally, business expectations turned positive for the first time in four months.
2020-06-23

Germany Composite PMI
In Germany, the Germany Composite Output Index tracks business trends across both the manufacturing and service sectors, based on data collected from a representative panel of over 1,000 companies (50 percent from the manufacturing sector and 50 percent from the services sector). The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.