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.

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Germany Composite PMI



Related Last Previous Unit Reference
Services PMI 49.70 52.40 points Jul 2022
Manufacturing PMI 49.30 52.00 points Jul 2022
Composite PMI 48.10 51.30 points Jul 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
48.10 51.30 62.40 17.40 2013 - 2022 points Monthly

News Stream
Germany Private Sector Contraction Confirmed in July
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.
2022-08-03
Germany Economic Activity Unexpectedly Falls
The S&P Global Germany Composite PMI fell to 48 in July of 2022 from 51.3 in the previous month and well below market expectations of 50.1, flash estimates showed. The latest reading pointed to the first contraction of activity since December last year and the worst in 25 months. Both the services and manufacturing sectors registered declines, although goods producers recorded the more acute deterioration as output slumped to the greatest degree since May 2020. Declines in both domestic and export demand was indicated by the latest data as a combination of an uncertain business environment, supply shortages and stretched client budgets weighed on the sector. Expectations about the future sank into negative territory for the first time since May 2020, the height of the first wave of the COVID pandemic.
2022-07-22
Germany Private Sector Activity Lowest in 6 Months
The S&P Global Germany Composite PMI was confirmed at 51.3 in June of 2022, matching initial estimates, and pointing to the slowest growth in private sector activity so far this year. Both services (52.4 vs 55) and manufacturing (52 vs 54.8) slowed sharply amid weak demand and supply shortages. Overall inflows of new work fell for the first time in six months, led by a sharp and accelerated decrease in manufacturing new orders. Employment gains eased to a 15-month low and rates of both input cost and output price inflation remained elevated but eased for the second month running to the weakest since February. Finally, business expectations sank to their lowest for over two years, down particularly sharply in manufacturing.
2022-07-05