The IHS Markit Germany Composite PMI rose to 51.3 in February 2021, up from January’s seven-month low of 50.8 and above market expectations of 50.5, a preliminary estimate showed. The manufacturing sector growth accelerated to a three-year high, while services output declined the most since May last year as COVID-19 lockdown measures continued to weigh on activity. source: Markit Economics

Composite PMI in Germany averaged 53.06 points from 2013 until 2021, 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 February of 2021.

Composite PMI in Germany is expected to be 51.00 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 53.00 in 12 months time. In the long-term, the Germany Composite PMI is projected to trend around 54.00 points in 2022, according to our econometric models.

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Germany Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.30 50.80 59.00 17.40 2013 - 2021 points Monthly


News Stream
German Private Sector Activity Picks Up in February
The IHS Markit Germany Composite PMI rose to 51.3 in February 2021, up from January’s seven-month low of 50.8 and above market expectations of 50.5, a preliminary estimate showed. The manufacturing sector growth accelerated to a three-year high, while services output declined the most since May last year as COVID-19 lockdown measures continued to weigh on activity.
2021-02-19
Germany Composite PMI Lowest in 7 Months
The IHS Markit Germany Composite PMI fell to 50.8 in January of 2021 from 52 in December, unchanged from the preliminary estimate. The reading pointed to the slowest growth in private sector activity since June, due to the combination of lower service sector activity (46.7 vs 47) and a slowdown in manufacturing output growth (57.1 vs 58.3). One area where both monitored sectors saw an improvement was business confidence. Overall expectations towards output in a year's time reached the highest since February 2018.
2021-02-03
Germany Private Sector Growth Lowest in 7 Months
The IHS Markit Germany Composite PMI fell to 50.8 in January of 2021 from 52 in December, compared to forecasts of 50.3, flash estimates showed. The reading pointed to the slowest growth in private sector activity since June amid tougher measures to control the spread of coronavirus which further depressed activity across the services sector (46.8 vs 47), although overall economic output in the country continued to see support from growth in the manufacturing sector (57 vs 58.3) and rising goods exports. Also, employment increasing slightly in January as firms’ expectations for the year ahead improved.
2021-01-22
Germany Private Sector Remains Resilient
The IHS Markit Germany Composite PMI was revised lower to 52 in December of 2020 from a preliminary of 52.5 but was slightly higher than 51.7 in November. Private sector activity continued to show resilience thanks to manufacturing which expanded the most in near 3 years while services shrank for the third consecutive month due to ongoing COVID-19 containment measures. Businesses' expectations for activity over the next 12 months improved fractionally in December, to the highest since April 2018. Manufacturers, on average, remained more optimistic than services firms.
2021-01-06

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.