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.

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Germany Composite PMI


News Stream
German Private Sector Growth at 8-Month Low
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.
2021-10-22
Germany Composite PMI Down to 7-Month Low
The IHS Markit Germany Composite PMI was revised higher to 55.5 in September of 2021 from a preliminary of 55.3, still pointing to the slowest albeit robust growth in the services sector in 7 months. Both manufacturing (58.4 vs 62.2 in August) and services (56.2 vs 60.8) showed a further loss of momentum. The upturn in private sector employment also eased in September, again owing to slower rates of growth in both monitored sectors. Still, the pace of hiring remained elevated by historical standards, in line with firms (particularly manufacturers) recording rising backlogs of work. On the price front, latest data showed a near-record rise in average charged for goods and services. Output price inflation remained notably higher in manufacturing than in services, reflecting much steeper cost pressures at the former. Firms' growth expectations moderated for the third month running in September, falling further from a record high in June to the lowest in 2021 so far.
2021-10-05
Germany Private Sector Growth Down to 7-Month Low
The IHS Markit Germany Composite PMI fell to 55.3 in September of 2021 from 60 in August, well below forecasts of 59.2, preliminary estimates showed. The reading pointed to the slowest growth in private sector activity in 7 months, amid ongoing supply disruption to manufacturing production (PMI at an 8-month low of 58.5), while the service sector also lost momentum following its recent strong rebound (PMI at 56). Rates of inflation of both input prices and output charges retreated slightly further from their recent peaks, though they still remained among the quickest on record, reflecting continued pressure from energy, material and transportation costs. Concerns regarding supply chains and inflationary pressures in turn weighed on business confidence.
2021-09-23

Germany Last Unit Reference Previous Highest Lowest
Services PMI 52.40 points Oct/21 56.20 61.80 16.20
Manufacturing PMI 58.20 points Oct/21 58.40 66.60 32.00
Composite PMI 52.00 points Oct/21 55.50 62.40 17.40


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.