The IHS Markit Germany Composite PMI was revised lower to 52.2 in November of 2021 from a preliminary of 52.8 but still remained above an eight-month low of 52.0 hit in October. The latest reading indicated a slight acceleration of business activity growth, as the services expanded slightly faster (52.7 vs 52.4 in October) while manufacturing growth slowed to a ten-month low (57.4 vs 57.8). Still, neither sector booked strong gains, as overall demand for goods and services was affected by concerns over the fourth wave of coronavirus and tighter containment measures, as well as supply issues. Meanwhile, there was also another notable rise in private sector employment, owing mainly to a robust round of job creation across the services economy. On the price front, inflationary pressures remained sharp. Finally, expectations towards the outlook dropped to a 13-month low in November. source: Markit Economics

Composite PMI in Germany averaged 53.39 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 December of 2021.

Composite PMI in Germany is expected to be 53.20 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


Related Last Previous Unit Reference
Services PMI 52.70 52.40 points Nov/21
Manufacturing PMI 57.40 57.80 points Nov/21
Composite PMI 52.20 52.00 points Nov/21

News Stream
Germany Composite PMI Revised Down
The IHS Markit Germany Composite PMI was revised lower to 52.2 in November of 2021 from a preliminary of 52.8 but still remained above an eight-month low of 52.0 hit in October. The latest reading indicated a slight acceleration of business activity growth, as the services expanded slightly faster (52.7 vs 52.4 in October) while manufacturing growth slowed to a ten-month low (57.4 vs 57.8). Still, neither sector booked strong gains, as overall demand for goods and services was affected by concerns over the fourth wave of coronavirus and tighter containment measures, as well as supply issues. Meanwhile, there was also another notable rise in private sector employment, owing mainly to a robust round of job creation across the services economy. On the price front, inflationary pressures remained sharp. Finally, expectations towards the outlook dropped to a 13-month low in November.
2021-12-03
German Private Sector Growth Accelerates in November
The IHS Markit Germany Composite PMI picked up to 52.8 in November 2021, from an eight-month low of 52.0 in October and comfortably above market consensus of 51, a preliminary estimate showed. The latest reading indicated a slight acceleration of business activity growth, mainly boosted by a stronger expansion in the service sector, while manufacturing growth remained subdued amid reports of supply delays. Output rose at a faster pace, while the latest uplift in new work was the slowest for nine months as gains to demand were hindered by supply bottlenecks, input shortages and an associated decline in demand from the auto sector. Meanwhile, the rate of job creation was strong overall, while the rate of backlog accumulation was the slowest since February. On the price front, both input costs and output charges increased at record rates. Looking ahead, business confidence was the weakest since October 2020, due to concerns around the COVID-19 pandemic and inflationary pressures.
2021-11-23
Germany Composite PMI at 8-Month Low
The IHS Markit Germany Composite PMI was confirmed at 52 in October of 2021, down from 55.5 in September, and pointing to the slowest growth in private sector activity in 8 months, as the pace of economic recovery lost further momentum. Both services (52.4 vs 56.2) and manufacturing (57.8 vs 58.4) eased amid slower rises in output and new orders. Also, the rate of growth in new business was the slowest since February, although it remained slightly quicker than that of output. The rate of private sector job creation was solid and, driven by a faster increase in services employment. Firms took on staff to expand capacity and curb rising backlogs of work, the rate of accumulation of which was robust but eased to a seven-month low. On the price front, both input cost and output charge inflation accelerated. Also, business expectations moderated for a fourth straight month to the lowest in the year-to-date.
2021-11-04

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.