Germany Composite PMI

Last Release

Apr 30, 2024

Actual

50.5

Units In

Points

47.7

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	52.56 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 Germany Composite PMI rose to 50.5 in April 2024 from 47.7 in the previous month, easily beating market expectations of 48.6, a preliminary estimate showed. The latest reading was above the 50.0 no-change threshold for the first time since June 2023, signaling a modest rate of expansion in private sector business activity, led by a sharp rebound in service sector output. However, manufacturing production continued to contract, although at a slower pace. Total new business and backlogs of work contracted the least in nearly a year, while employment increased fractionally following a decrease the month before. On the price front, both input costs and output charges rose at a faster pace. Finally, overall business confidence ticked down slightly, as the degree of optimism in the service sector cooled from March’s 25-month high.