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.


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Germany Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.20 50.20 59.00 48.50 2013 - 2020 points Monthly


News Stream
Germany Composite PMI Revised Higher in January
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.
2020-02-05
German Private Sector Rises the Most in 5 Months
The IHS Markit Germany Composite PMI went up to 51.1 in January of 2020 from 50.2 in December, above forecasts of 50.5. The reading pointed to the strongest increase in private sector activity in five months, flash figures showed. Services grew at a faster pace (54.2 from 52.9) and manufacturing shrank at a softer pace (45.2 from 43.7). New business rose for the first time in seven months and was the quickest since October 2018, partly reflecting an easing drag from external demand. Also, job creation was the quickest in five months. Input price inflation was the highest for six months amid rising higher wages, fuel and energy costs while output charges rose only modestly. Finally, expectations towards output over the coming year improved to a 16-month high.
2020-01-24
German Private Sector Grows Modestly: PMI
The IHS Markit Germany Composite PMI was revised higher to 50.2 in December of 2019 from a preliminary of 49.4 and 49.4 in the previous month. The reading pointed to the first gain in private sector activity in four months, mainly due to a rebound in services (52.9 from 51.7) while manufacturing contracted further (43.7 from 44.1). New business declined only marginally and at the slowest rate in the current six-month sequence of decrease, helped by a modest upturn in demand across the service sector and a further moderation in the rate of decline in total new export business. Employment showed little change as further job gains in services were again offset by manufacturing staff cuts. Also, backlogs of work fell and price pressures moderated. Finally, output expectations improved to a ten-month high, buoyed by increased optimism across both monitored sectors (although confidence was notably stronger among service providers). from 49.40 points in November of 2019.
2020-01-06
German Private Sector Activity Contracts for 4th Month
The IHS Markit Germany Composite PMI was at 49.4 in December 2019, unchanged from the previous month and compared with market consensus of 49.9, a preliminary estimate showed. The latest reading pointed to the fourth consecutive month of contraction in the private sector, as manufacturing output shrank further (PMI at 43.4 vs 44.1 in November) while services activities rose to a 4-month high (PMI at 52 vs 51.7 in November). New orders dropped for the sixth straight month, still the decline was the least marked since July. Goods producers recorded the smallest decrease in new export orders for almost a year, with the downturn in services new export business also easing. Outstanding business fell with the rate of backlog depletion remaining marked by historical standards, while the job creation rate was unchanged. On the price front, input cost fell further while output cost inflation slowed to an over 3-year low. Lastly, sentiment improved to a 6-month high.
2019-12-16

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.