The HCOB Germany Composite PMI was revised downward to 53.9 in May 2023, compared to the preliminary estimate of 54.3 and below April's 12-month high of 54.2. Despite the slight dip, the latest PMI reading indicated a solid growth rate in Germany's private sector, primarily driven by increased activity in the services sector. However, manufacturing production declined for the first time in four months. New business inflows were negatively impacted by a sharp decrease in factory orders, while employment continued to rise. On the price front, the rate of input cost inflation decelerated to its lowest level since November 2020, while output charge inflation remained relatively stable. Additionally, business confidence reached a five-month low, reflecting a less optimistic outlook among businesses. source: Markit Economics
Composite PMI in Germany averaged 53.02 points from 2013 until 2023, reaching an all time high of 62.40 points in July of 2021 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 June of 2023.
Composite PMI in Germany is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Composite PMI is projected to trend around 54.20 points in 2024 and 53.40 points in 2025, according to our econometric models.