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 Germany Composite PMI was revised marginally higher to 48.6 in October 2024 from a preliminary of 48.4, and compared to 47.5 in September. The reading continued to point to a fourth straight month of contraction in private sector activity, although the pace of decline eased. The drop in the manufacturing sector was smaller (43 vs 40.6) and the services sector expanded at a faster pace (51.6 vs 50.6). Total inflows of new work and new export business continued falling across both monitored sectors, albeit with the respective rates of decline easing from the previous month. Meanwhile, employment fell the most since July 2020, as another marked drop in factory workforce numbers was compounded by an accelerated reduction in services headcounts. On the price front, a slightly faster rise in input costs contrasted with a slowdown in the rate of output charge inflation. Business expectations returned to positive territory, driven by an upturn in services optimism.