Alemania Pmi Compuesto

The HCOB Germany Composite PMI rose to 50.5 in April 2024 from 47.7 in the previous month, easily beating market expectations of 48.6, a preliminary estimate showed. The latest reading was above the 50.0 no-change threshold for the first time since June 2023, signaling a modest rate of expansion in private sector business activity, led by a sharp rebound in service sector output. However, manufacturing production continued to contract, although at a slower pace. Total new business and backlogs of work contracted the least in nearly a year, while employment increased fractionally following a decrease the month before. On the price front, both input costs and output charges rose at a faster pace. Finally, overall business confidence ticked down slightly, as the degree of optimism in the service sector cooled from March’s 25-month high.