The S&P Global Composite PMI in Germany rose to 46.4 in November, above market expectations of 44.9, but pointing to a fifth consecutive contraction in the private sector activity. Still, it was the strongest reading since August, as manufacturing production fell at a slower rate amid reports of improved material availability, while the decline in services activity was little-changed. On the price front, firms reported the slowest increase in costs for a year-and-a-half and a weaker rise in prices charged for goods and services. Despite falling workplace activity, labour market conditions remained relatively robust. Also, businesses were pessimistic about the year-ahead outlook for the third month in a row as concerns remained about the effects of high inflation, rising interest rates, and heightened levels of uncertainty on investment and economic conditions generally. source: Markit Economics

Composite PMI in Germany averaged 53.09 points from 2013 until 2022, 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 December of 2022.

Composite PMI in Germany is expected to be 45.80 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 51.80 points in 2023 and 54.20 points in 2024, according to our econometric models.

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Germany Composite PMI



Related Last Previous Unit Reference
Services PMI 46.40 46.50 points Nov 2022
Manufacturing PMI 46.20 45.10 points Nov 2022
Composite PMI 46.40 45.10 points Nov 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
46.40 45.10 62.40 17.40 2013 - 2022 points Monthly

News Stream
German Private Sector Remains in Contraction
The S&P Global Composite PMI in Germany rose to 46.4 in November, above market expectations of 44.9, but pointing to a fifth consecutive contraction in the private sector activity. Still, it was the strongest reading since August, as manufacturing production fell at a slower rate amid reports of improved material availability, while the decline in services activity was little-changed. On the price front, firms reported the slowest increase in costs for a year-and-a-half and a weaker rise in prices charged for goods and services. Despite falling workplace activity, labour market conditions remained relatively robust. Also, businesses were pessimistic about the year-ahead outlook for the third month in a row as concerns remained about the effects of high inflation, rising interest rates, and heightened levels of uncertainty on investment and economic conditions generally.
2022-11-23
German Private Sector Activity Falls Most in Over 2 Years
The S&P Global Composite PMI in Germany was revised higher to 45.1 in October 2022 from a preliminary estimate of 44.1, still pointing to the steepest pace of contraction in business activity since May 2020. Accelerated decreases in manufacturing output, total new business, new export orders and backlogs of work led the private sector's downturn, while the service sector's contraction eased from its worst month in over two years. On a brighter note, a further, albeit modest, rise in employment was recorded. On the price front, rates of both input cost and output charge eased, but remained high overall. Finally, business expectations remained pessimistic, but rebounded slightly from September's 28-month low.
2022-11-04
German Private Sector Output Falls Most Since May 2020
The S&P Global Composite PMI in Germany declined further to 44.1 in October 2022, down from 45.7 in the previous month and well below market expectations of 45.3, a preliminary estimate showed. It was the lowest reading since the initial COVID-19 shutdowns in early-2020, as high energy prices hit both business costs and demand. The rate of contraction in manufacturing output accelerated notably to the quickest for nearly two-and-half years, while services activity shrank the most in 29 months. New business fell by the most since May 2020, leading to a sustained decline in backlogs of work. Meanwhile, the rate of job creation ticked up slightly as firms continued to fill vacancies. On the price front, input and output cost inflation rates remained well above its historical series average. Finally, businesses remained deeply pessimistic towards the year-ahead outlook for activity, due to soaring energy costs, high inflation, rising interest rates, and the prospect of recession.
2022-10-24