The S&P Global Germany Composite PMI rose to 52.6 in March of 2023 from 50.7 in February, the highest in 10 months, marking its second consecutive period of growth after contracting for seven straight months until January. The upturn in activity was carried by the services sector (53.9 vs 50.9 in February), while the manufacturing sector contracted at the fastest pace in nearly 3 years (44.4 vs 46.3). The aggregate expansion was driven by marginal output growth in both sectors, underpinned by improved material availability and supplier delivery times. In the meantime, inflows of new work were broadly unchanged, driving backlogs of work to fall for the eighth consecutive month. Still, hiring in the private sector rose to its highest in eight months. On the price front, input price inflation fell to a near-two-year low, but remained well above its historical average. Looking forward, German companies were a little less optimistic for the year ahead. source: Markit Economics
Composite PMI in Germany averaged 53.00 points from 2013 until 2023, 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 March of 2023.
Composite PMI in Germany is expected to be 52.60 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 54.20 points in 2024 and 53.40 points in 2025, according to our econometric models.