The S&P Global Germany Composite PMI was revised slightly lower to 54.3 in April of 2022 from a preliminary of 54.5 and below 55.1 in March, but still pointed to a strong growth in private sector activity. Manufacturing slowed to the lowest since August of 2020 (54.6 vs 56.9) with the war in Ukraine and COVID-19 lockdowns in China taking a toll on both demand and supply chains. In contrast, the services sector increased at the fastest pace in eight months (57.6 vs 56.1) due to a sustained upturn in demand brought about by the easing of the country's COVID restrictions. source: Markit Economics

Composite PMI in Germany averaged 53.40 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 May of 2022.

Composite PMI in Germany is expected to be 54.40 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 57.60 56.10 points Apr 2022
Manufacturing PMI 54.60 56.90 points Apr 2022
Composite PMI 54.30 55.10 points Apr 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
54.30 55.10 62.40 17.40 2013 - 2022 points Monthly

News Stream
Germany Composite PMI at 3-Month Low
The S&P Global Germany Composite PMI was revised slightly lower to 54.3 in April of 2022 from a preliminary of 54.5 and below 55.1 in March, but still pointed to a strong growth in private sector activity. Manufacturing slowed to the lowest since August of 2020 (54.6 vs 56.9) with the war in Ukraine and COVID-19 lockdowns in China taking a toll on both demand and supply chains. In contrast, the services sector increased at the fastest pace in eight months (57.6 vs 56.1) due to a sustained upturn in demand brought about by the easing of the country's COVID restrictions.
2022-05-04
Germany Composite PMI at 3-Month Low
The S&P Global Germany Composite PMI fell to 54.5 in April of 2022 from 55.1 in March, the lowest in 3 months but above market forecasts of 54.1, preliminary estimates showed. Still, the latest reading was above the 50.0 threshold that separates growth from contraction, owing to a steep rise in service sector business activity. By contrast, manufacturing production dropped amid reports of severe supply disruption and a drop in demand for goods. Overall economic activity in the country was supported, however, by a sustained rebound in the service sector, which continued to benefit from the waning influence of the pandemic. Elsewhere, the survey pointed to a further surge in inflationary pressures, with April seeing record increases in both goods and services output prices. Concerns about rising prices and supply shortages, as well as the general economic uncertainty caused by the war in Ukraine saw business expectations fall to their lowest in almost two years.
2022-04-22
Germany Composite PMI Revised Higher
The S&P Global Germany Composite PMI was revised higher to 55.1 in March of 2022 from a preliminary of 54.6. It fell from 55.6 in February, but still points to a strong growth in private sector activity, although the war in Ukraine and surging prices weigh on expectations. The service sector was the main driver of the expansion (56.1) while manufacturing PMI was the lowest in 18 months (56.9). There was a softer increase in overall new business, owning in part to a decline in export demand amid the fallout from Russia's invasion of Ukraine. Private sector businesses, particularly those in manufacturing, were less confident about the outlook, with overall growth expectations plunging to a 21-month low. This reflected uncertainty created by the war in Ukraine and an associated spike in inflationary pressures. Indeed, both input cost and output price inflation surged to survey-record highs in March, as faster rates of increase were registered across both manufacturing and services.
2022-04-05