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.