Germany Composite PMI2013-2020 Data | 2021-2022 Forecast | Calendar | Historical

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.

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.

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.

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.