The IHS Markit Composite PMI for Germany was unrevised at 56.2 in May of 2021, above 55.8 in April, with services rebounding (52.8 vs 49.9 in April) and manufacturing (64.4 vs 66.2) remaining at strong levels. Overall new business registered the steepest rise since December 2017. Again, manufacturing continued to see the stronger demand conditions, but it was a return to growth in services new business that underpinned the improved performance. The rate of private sector job creation was at a 31-month high and backlogs of work rose at the second-fastest rate since this series began in September 2002. Turning to prices, the rate of inflation of average charges for goods and service reached a record high in May amid unprecedented business cost pressures. Expectations towards the year-ahead outlook for activity edged higher and were just below March's series high. There was a slight convergence at the sector level, though manufacturers remained by far the more optimistic. source: Markit Economics
Composite PMI in Germany averaged 53.16 points from 2013 until 2021, reaching an all time high of 59 points in January of 2018 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 2021.
Composite PMI in Germany is expected to be 54.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in Germany to stand at 53.70 in 12 months time. 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.