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.

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Germany Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
56.20 55.80 59.00 17.40 2013 - 2021 points Monthly


News Stream
German Private Sector Activity Remains Strong
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.
2021-06-03
German May Private Sector Growth Below Forecasts
The IHS Markit Germany Composite PMI rose to 56.2 in May 2021, from 55.8 in the previous month but below market expectations of 57.1, a preliminary estimate showed. Services activity grew by the most since July 2020, while the manufacturing sector lost momentum as record supply delays caused disruption to production at an increasing number of businesses.
2021-05-21
German Private Sector Activity Loses Momentum in April
The IHS Markit Germany Composite PMI was revised lower to 55.8 in April 2021 from a preliminary of 56 and March's 37-month high of 57.3, owing to the combination of a broad stagnation in services activity and a slower expansion in goods production. New business softened while the overall rate of job creation accelerated to a two-and-a-half year high. On the price front, input price inflation was at a near-record high in April, while average prices charged for goods and services showed the steepest increase since January 2019. Looking ahead, expectations eased slightly from March's series-record high (since July 2012).
2021-05-05
German Private Sector Recovery Loses Momentum in April
The IHS Markit Germany Composite PMI fell to 56.0 in April 2021, from a 37-month high of 57.3 in the previous month and below market consensus of 56.8, a preliminary estimate showed. The latest reading pointed to a slowdown in private sector activity growth, with services activity stalling and manufacturing production expanding at a softer pace.
2021-04-23

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.