The IHS Markit Germany Composite PMI fell to 52.0 in October 2021, from 55.5 in the previous month and well below market forecasts of 54.0, a preliminary estimate showed. The latest reading was the lowest since February, pointing to a further loss of growth momentum in German private sector business activity. Manufacturing output expanded the least in 16 months, due to input shortages and an associated decline in demand from the automotive sector, while the service sector growth eased to a six-month low on the back of supply chain issues. Overall new orders showed the smallest rise for eight months, while the rate of job creation accelerated slightly. On the price front, input cost inflation was the second-quickest in the survey history while charges for goods and services hit an all-time high. Looking ahead, business confidence strengthened. source: Markit Economics
Composite PMI in Germany averaged 53.40 points from 2013 until 2021, 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 October of 2021.
Composite PMI in Germany is expected to be 54.20 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 54.80 points in 2022 and 54.00 points in 2023, according to our econometric models.