The S&P Global Flash Germany Composite PMI rose to 51.2 in July 2026 from 49.5 in June, beating forecasts of 49.8. It is the highest reading in four months, with the private sector activity moving back to growth after three straight months of contraction, driven by a marked upturn in manufacturing production and a nearly stagnation in services. There was also a renewed increase in new export orders and firms were slightly more optimistic about the year-ahead outlook for activity, which was reflected in a slowdown in the pace of job losses. As for prices, there was a slightly faster rise in input costs, owing to increased pressures facing services firms. Average prices charged for goods and services meanwhile rose at the slowest rate for four months. Despite the July improvement, the path to a sustainable recovery still seems very much uncertain. given the escalating hostilities in the Middle East, which have put renewed upward pressure on global energy prices. source: S&P Global

Composite PMI in Germany increased to 51.20 points in July from 49.50 points in June of 2026. Composite PMI in Germany averaged 52.18 points from 2013 until 2026, 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.

Composite PMI in Germany increased to 51.20 points in July from 49.50 points in June of 2026. Composite PMI in Germany is expected to be 49.00 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 51.90 points in 2027 and 52.50 points in 2028, according to our econometric models.




Components Last Previous Unit Reference
S&P Global Manufacturing PMI 52.20 50.30 points Jul 2026
S&P Global Services PMI 49.60 48.60 points Jul 2026

Related Last Previous Unit Reference
Bankruptcies 2276.00 2308.00 Companies Apr 2026
Ifo Business Climate 86.60 85.70 points Jul 2026
Capacity Utilization 78.40 77.70 percent Jun 2026
Car Production 377700.00 301600.00 Units Jun 2026
Car Registrations 296378.00 239448.00 Units Jun 2026
Changes in Inventories 14.84 26.42 EUR Billion Mar 2026
Composite Leading Indicator 100.72 100.76 points Jun 2026
Corporate Profits 204.92 210.61 EUR Billion Mar 2026
Electricity Price 104.06 104.06 EUR/MWh Jul 2026
Factory Orders MoM 1.90 -3.80 percent May 2026
Ifo Current Conditions 86.50 87.00 points Jul 2026
Ifo Expectations 86.70 84.30 points Jul 2026
Industrial Production 0.00 -0.90 percent May 2026
Industrial Production MoM 0.90 0.20 percent May 2026
Manufacturing Production -0.70 -1.60 percent May 2026
Mining Production -7.50 -9.10 percent May 2026
New Orders 91.30 89.60 points May 2026
New Car Registrations YoY 15.70 0.10 percent Jun 2026
Steel Production 2900.00 3200.00 Thousand Tonnes Jun 2026
ZEW Current Conditions -77.60 -81.00 points Jul 2026
ZEW Economic Sentiment Index 26.30 10.50 points Jul 2026


Germany Composite PMI
The S&P Global Germany Composite Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, tracks business trends across private sector activity. The index tracks variables such as sales, new orders, employment, inventories and prices; and varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
German Private Sector Activity Returns to Growth
The S&P Global Flash Germany Composite PMI rose to 51.2 in July 2026 from 49.5 in June, beating forecasts of 49.8. It is the highest reading in four months, with the private sector activity moving back to growth after three straight months of contraction, driven by a marked upturn in manufacturing production and a nearly stagnation in services. There was also a renewed increase in new export orders and firms were slightly more optimistic about the year-ahead outlook for activity, which was reflected in a slowdown in the pace of job losses. As for prices, there was a slightly faster rise in input costs, owing to increased pressures facing services firms. Average prices charged for goods and services meanwhile rose at the slowest rate for four months. Despite the July improvement, the path to a sustainable recovery still seems very much uncertain. given the escalating hostilities in the Middle East, which have put renewed upward pressure on global energy prices
2026-07-24
Germany's Private Sector Activity Nearly Stalls
The S&P Global Germany Composite PMI was revised higher to 49.5 in June 2026 from the preliminary estimate of 48, pointing to near-stagnation in private sector activity following two consecutive months of contraction. There was a drop in new business and output, reflecting weakness in the service sector while manufacturing posted a rise in production. Meanwhile, employment fell across the board, as did rates of both input cost and output price inflation. Employment meanwhile fell across the board, as did rates of both input cost and output price inflation. Future expectations ticked down, again owing to the services sector.
2026-07-03
German Private Sector Activity Shrinks the Most Since 2024
The S&P Global Flash Germany Composite PMI fell to 48 in June 2026 from 48.8 in May, missing market expectations of 49.9. The reading signaled a third consecutive month of contraction in private-sector activity and the steepest decline since December 2024. The downturn was driven primarily by the services sector, where the PMI fell to 46.8 from 48.1, its lowest level in 43 months, while manufacturing output expanded at a slightly faster pace (50.8 vs 50.4). The weakness reflected subdued underlying demand, with new business inflows declining for a fourth straight month and at the fastest pace since December 2024 amid deteriorating economic conditions and heightened market uncertainty. Employment also continued to fall across the private sector. Meanwhile, inflationary pressures eased further, with both input costs and output prices rising at their slowest rates in four and three months, respectively. In addition, business expectations also weakened.
2026-06-23