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.