Germany Composite PMI

Last Release

Jul 31, 2024

Actual

49.1

Units In

Points

50.4

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
62.4 Jul 2021	17.4 Apr 2020	52.52 Points	2013-2024	Markit Economics

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.

Latest Updates

The HCOB Flash Germany Composite PMI decreased to 47.3 in November 2024, the lowest in nine months, compared to 48.6 in October and well below forecasts of 48.6. The reading showed that business activity fell for the fifth month running and at the quickest rate since February. Sustained weakness in manufacturing (43.2 vs 43) was compounded by the first decrease in services activity for nine months (49.4 vs 51.6). Weaker demand for goods and services led to further job losses and input cost and output price inflation ticked up to the highest for three months, reflecting stronger price pressures in the service sector. On the other hand, business expectations meanwhile edged up further from September’s recent low, although confidence was still subdued by historical standards amid a backdrop of economic and political uncertainty.