Brandenburg Gate in Berlin, Germany

Germany PMI December 2023

Germany: Composite PMI falls below Eurozone average again in December

The HCOB Composite Purchasing Managers’ Index (PMI) fell to 46.7 in December from November’s 47.8. As a result, the index fell further below the 50.0 no-change threshold, signaling a sharper deterioration in private sector operating conditions compared to the previous month.

The Manufacturing PMI came in at 43.1 in December, up from November’s 42.6. Lastly, the Services PMI fell to 48.4 in December (November: 49.6).

The composite PMI fell below the Eurozone average again in December for the fifth time in six months. Output, new orders and employment fell more quickly in both sectors than in November. Meanwhile, input and output inflation rose in both sectors. Finally, business sentiment across both sectors as a whole improved.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest