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.

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Germany Composite PMI



Related Last Previous Unit Reference
Services PMI 52.40 55.00 points Jun 2022
Manufacturing PMI 52.00 54.80 points Jun 2022
Composite PMI 51.30 53.70 points Jun 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
51.30 53.70 62.40 17.40 2013 - 2022 points Monthly

News Stream
Germany Private Sector Activity Falls to 6-Month Low
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.
2022-06-23
Germany Composite PMI Unexpectedly Falls in May
The S&P Global Germany Composite PMI was revised lower to 53.7 in May of 2022 from a preliminary of 54.6, pointing to the smallest albeit robust expansion in private sector activity so far this year. The services sector slowed (55 vs 57.6 in April) while manufacturing activity picked up slightly (54.8 vs 54.6). Overall inflows of new business showed the slowest rise for five months, partly reflecting a drag from falling demand for manufacturing goods (particularly from abroad). Employment remained a bright spot, rising strongly and across both monitored sectors. This was despite generally subdued business confidence towards the outlook. On the price front, data showed a further sharp rise in average charges for goods and services, albeit with the rate of increase easing from April's record. Underlying cost inflation also came down slightly but remained elevated.
2022-06-03
German Composite PMI Above Forecasts
The S&P Global Germany Composite PMI went up to 54.6 in May of 2022 from 54.3 in April, beating market expectations of 54, flash estimates showed. It marks the 5th consecutive month of growth amid a sustained strong rebound in service sector (PMI at 56.3). Manufacturing output also increased, albeit only slightly (PMI at 51.0), following a decline at the start of the second quarter. There were signs of demand starting to come under pressure from market uncertainty, rising prices and supply issues. Inflationary pressures remained elevated, although rates of both input cost and output price inflation ticked down slightly from April’s record highs. Finally, business confidence towards the year-ahead outlook was the second-lowest in the past two years as businesses continued to voice concerns over rising prices, supply bottlenecks and heightened uncertainty.
2022-05-24