The S&P Global Germany Composite PMI came in at 48.1 in July of 2022, barely changed from a preliminary reading of 48, pointing to the steepest contraction in private sector activity since June of 2020, as both manufacturing (49.3) and services activity (49.7) declined. There was a broad-based deterioration in demand, with inflows of new work falling although both sectors saw further jobs growth and price pressures were the lowest for five months. Finally, output expectations worsened, with goods producers reporting a particularly downbeat assessment of future activity. source: Markit Economics
Composite PMI in Germany averaged 53.34 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 August of 2022.
Composite PMI in Germany is expected to be 53.60 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 54.60 points in 2023 and 54.20 points in 2024, according to our econometric models.