The IHS Markit Germany Composite PMI edged down to 54.5 in October of 2020 from 54.7 in September, above market expectations of 53.2. The reading pointed to a solid growth in private sector activity although at a slightly slower pace than in September, according to preliminary estimates. A further rise in manufacturing (58 vs 56.4, highest since April of 2018) helped to support growth. However, in a sign of a two-speed economy emerging, service providers recorded a modest decline in activity (48.9 vs 50.6, first fall in 4 months) amid new restrictions and heightened uncertainty due to a second wave of coronavirus cases. Looking ahead to activity in a year’s time, expectations weakened for the first time in seven months. Sentiment remained positive overall, with optimists continuing to outnumber pessimists, but the degree of confidence eased to the lowest since June as worries about COVID-19 weighed on the outlook, especially in the service sector source: Markit Economics

Composite Pmi in Germany averaged 53.13 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 October 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.

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Germany Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
54.50 54.70 59.00 17.40 2013 - 2020 points Monthly


News Stream
Manufacturing Supports German Private Sector
The IHS Markit Germany Composite PMI edged down to 54.5 in October of 2020 from 54.7 in September, above market expectations of 53.2. The reading pointed to a solid growth in private sector activity although at a slightly slower pace than in September, according to preliminary estimates. A further rise in manufacturing (58 vs 56.4, highest since April of 2018) helped to support growth. However, in a sign of a two-speed economy emerging, service providers recorded a modest decline in activity (48.9 vs 50.6, first fall in 4 months) amid new restrictions and heightened uncertainty due to a second wave of coronavirus cases. Looking ahead to activity in a year’s time, expectations weakened for the first time in seven months. Sentiment remained positive overall, with optimists continuing to outnumber pessimists, but the degree of confidence eased to the lowest since June as worries about COVID-19 weighed on the outlook, especially in the service sector
2020-10-23
Germany Composite PMI Revised Higher in September
The IHS Markit Composite PMI for Germany was revised higher to 54.7 in September of 2020 from a preliminary of 53.7, with the Services PMI revised sharply higher to 50.6 from 49.1 while the Manufacturing PMI was revised slightly lower to 56.4 from 56.6. Still, the manufacturing growth was the steepest since July of 2018, sufficiently offsetting a slower rise in service business activity. Overall inflows of new business rose the most since January 2018. The steeper of the increases in new work at the sub-sector level was recorded among goods producers, who, unlike their services counterparts, saw a rise in new business from abroad in September. On the employment front, overall payroll numbers fell at the slowest rate for seven months. Meanwhile, stronger manufacturing expectations towards future output likewise supported an overall pick-up in business confidence to the highest since April 2018.
2020-10-05
German Composite PMI Below Forecasts
The IHS Markit Germany Composite PMI declined to 53.7 in September 2020 from 54.4 in the previous month and below market consensus of 54.1, a preliminary estimate showed. The slowdown in September reflected a renewed, albeit only slight, decline in service sector business activity, following increases in each of the previous two months. By contrast, manufacturing production continued to make up the ground lost during the lockdown, rising to the greatest extent since January 2018. On the employment front, the survey showed workforce numbers falling modestly and at the slowest rate for seven months, as businesses reported increased optimism towards the outlook. Overall backlogs of work rose for the second month running in September. On the price front, inflationary pressures remained subdued across the German private sector. Lastly, output expectations picked up to the highest since April 2018.
2020-09-23
German Private Sector Activity Grows at a Slower Pace
The IHS Markit Germany Composite PMI was revised higher to 54.4 in August 2020 from a preliminary estimate of 53.7 and compared to July's near two-year high of 55.3. The latest reading signaled a slowdown in German private sector activity due to a loss of momentum in the service sector, while manufacturing production rose at the quickest rate for two-and-a-half years. Inflows of new work grew at a softer pace and backlogs of work increased for the first time in almost two years, while employment continued to fall solidly. On the price front, average charges for goods and services dropped marginally and at the slowest rate for six months. The reduction in discounting coincided with a first rise in input costs since February. Lastly, output expectations improved to the strongest since August 2018.
2020-09-03

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.