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.

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Germany Composite PMI



Related Last Previous Unit Reference
Services PMI 53.90 50.90 points Mar 2023
Manufacturing PMI 44.40 46.30 points Mar 2023
Composite PMI 52.60 50.70 points Mar 2023

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
52.60 50.70 62.40 17.40 2013 - 2023 points Monthly

News Stream
Germany Composite PMI Rises to 10-Month High
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.
2023-03-24
German Private Sector Activity Expands in February
The S&P Global Germany Composite PMI rose to 50.7 in February 2023 from 49.9 in the previous month, revised lower from previous estimates of 51.1 but still marking the first monthly expansion in the German private sector since June 2022. Activity picked up in the service sector (50.9 vs 50.7 in January), offsetting the quicker decline for manufacturing (46.3 vs 47.3). The aggregate expansion was underpinned by broad-based growth in output for private companies, albeit marginal, while inflows of new business rose for service providers and contracted for factories. In the meantime, the pace of job creation slowed considerably in the period, although it still exhibited growth. On the price front, rates of input cost inflation and output price inflation both eased to multi-month lows, but remained high at historical standards. Finally, business confidence consolidated as firms hope for stable energy prices.
2023-03-03
German Private Sector Activity Returns to Growth
The S&P Global Germany Composite PMI rose to 51.1 in February 2023 from 49.9 the month before, easily beating market expectations of 50.4 and signaling the first month of expansion in the country's private sector since last June, a preliminary estimate showed. Manufacturing production levels rose for the first time in nine months thanks to easing supply bottlenecks, while services activity grew for a second straight month and at a slightly accelerated pace amid an improvement in underlying demand. Inflows of new work rebounded after eight months of decline, while the rate of job creation was the joint-weakest over the past two years. On the price front, input cost inflation eased to a two-year low and output price inflation fell to a 21-month low, with both indicators remaining well above historical series averages. Finally, business confidence strengthened to its highest level since just before Russia’s invasion of Ukraine.
2023-02-21