Germany PMI July 2016


Flash PMI rises in July

Markit’s composite Purchasing Managers’ Index (PMI) rose from 54.1 to 55.3 in July, its highest level since December 2015. The PMI—the result of a survey of over 1,000 manufacturing and service businesses based in Germany—has remained above 50, the threshold indicating expansion, since April 2013.

The print reflected a higher PMI reading for service providers, but the manufacturing PMI dropped due to slower growth in new orders and employment. The overall rise in the composite PMI, however, was partly driven by an increase in export orders and strong job creation. As for price developments, input costs rose in both services and manufacturing.

Markit commented on the result, stating that, “the German economy is continuing its uninterrupted growth trend at the start of the second half of 2016, with the headline PMI figure reaching its highest level since the end of last year. Strong tailwinds from a healthy labour market and rising demand are propelling the economy forward, while businesses so far seem to be unaffected by uncertainties around the UK’s decision to leave the EU.”

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 2.8% in 2016, which is down 0.2 percentage points from last month’s forecast. For 2017, panelists expect fixed investment to grow 2.2%.

Author:, Economist

Sample Report

Looking for forecasts related to PMI in Germany? Download a sample report now.


Germany PMI Chart

Germany PMI July 2016 0

Note: Markit Purchasing Managers’ Index (PMI) Composite Output. A reading above 50 indicates an expansion in business activity while a value below 50 points to a contraction.
Source: BME and Markit.

Germany Economic News

More news

Search form