The S&P Global Germany Composite PMI fell for the fourth month in a row to 51.3 in June 2022 from 53.7 in May, the lowest since the fourth wave of the COVID pandemic in December last year and below market expectations of 53.1, flash estimates showed. Services growth slowed to a five-month low (index at 52.4) amid a waning of demand and some reports of staff shortages, while manufacturing output contracted for the second time in the past three months (index at 49.0). Falling exports acted as a drag, while there were also signs of domestic demand coming under pressure from heightened economic uncertainty and sustained strong inflation. Firms’ expectations towards future activity slumped to their lowest since the first wave of the COVID pandemic over two years ago, with manufacturers growing increasingly pessimistic about the outlook. source: Markit Economics
Composite PMI in Germany averaged 53.39 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 June of 2022.
Composite PMI in Germany is expected to be 52.90 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.