The IHS Markit Germany Composite PMI fell to 52 in November of 2020 from 55 in October, but above market forecasts of 50.4, flash estimates showed. The reading still pointed to a strong increase in private sector activity although new lockdown measures to curb the spread of coronavirus led to an accelerated decline in services activity (46.2 vs 49.5) while manufacturing remained robust (57.9 vs 58.2). Elsewhere, the recent progress in the development of COVID-19 vaccines saw business confidence towards future output perk up to the highest for over two-and-a-half years. source: Markit Economics

Composite Pmi in Germany averaged 53.12 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 November of 2020.

Composite Pmi in Germany is expected to be 49.40 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 53.30 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
52.00 55.00 59.00 17.40 2013 - 2020 points Monthly


News Stream
Germany Private Sector Growth Falls Less than Expected
The IHS Markit Germany Composite PMI fell to 52 in November of 2020 from 55 in October, but above market forecasts of 50.4, flash estimates showed. The reading still pointed to a strong increase in private sector activity although new lockdown measures to curb the spread of coronavirus led to an accelerated decline in services activity (46.2 vs 49.5) while manufacturing remained robust (57.9 vs 58.2). Elsewhere, the recent progress in the development of COVID-19 vaccines saw business confidence towards future output perk up to the highest for over two-and-a-half years.
2020-11-23
German Private Sector Activity Rises for 4th Month: PMI
The IHS Markit Germany Composite PMI was revised slightly higher to 55 in October of 2020 from a preliminary of 54.5. The reading pointed to the 4th straight month of growth in private sector activity, due to manufacturing (58.2 vs 56.4, the highest since March of 2018), while services went back to contraction (49.5 vs 50.6). Looking ahead, sentiment towards future output eased to the lowest since June. Manufacturing expectations weakened slightly but still remained highly positive, whereas services confidence ebbed more noticeably.
2020-11-04
Manufacturing Supports German Private Sector
The IHS Markit Germany Composite PMI edged down to 54.5 in October of 2020 from 54.7 in September, above market expectations of 53.2. The reading pointed to a solid growth in private sector activity although at a slightly slower pace than in September, according to preliminary estimates. A further rise in manufacturing (58 vs 56.4, highest since April of 2018) helped to support growth. However, in a sign of a two-speed economy emerging, service providers recorded a modest decline in activity (48.9 vs 50.6, first fall in 4 months) amid new restrictions and heightened uncertainty due to a second wave of coronavirus cases. Looking ahead to activity in a year’s time, expectations weakened for the first time in seven months. Sentiment remained positive overall, with optimists continuing to outnumber pessimists, but the degree of confidence eased to the lowest since June as worries about COVID-19 weighed on the outlook, especially in the service sector
2020-10-23
Germany Composite PMI Revised Higher in September
The IHS Markit Composite PMI for Germany was revised higher to 54.7 in September of 2020 from a preliminary of 53.7, with the Services PMI revised sharply higher to 50.6 from 49.1 while the Manufacturing PMI was revised slightly lower to 56.4 from 56.6. Still, the manufacturing growth was the steepest since July of 2018, sufficiently offsetting a slower rise in service business activity. Overall inflows of new business rose the most since January 2018. The steeper of the increases in new work at the sub-sector level was recorded among goods producers, who, unlike their services counterparts, saw a rise in new business from abroad in September. On the employment front, overall payroll numbers fell at the slowest rate for seven months. Meanwhile, stronger manufacturing expectations towards future output likewise supported an overall pick-up in business confidence to the highest since April 2018.
2020-10-05

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.