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.