Deutschland Einkaufsmanagerindex Composite

The HCOB Germany Composite PMI was revised higher to 47.7 in March 2024, up from a preliminary estimate of 47.4 and above February's 46.3. The latest reading signaled the weakest pace of contraction in the country's private sector since last November, driven mainly by a stabilization in services activity, and to a lesser extent by a slower fall in manufacturing output. The inflows of new business declined the least in ten months, while employment returned to contraction after briefly rising in February. On the price front, rates of inflation for both input costs and output charges eased. Finally, business confidence reached its strongest level in a year.