Purchasing Managers Index (PMI), composite in Germany, February, 2020
For that indicator, Markit Economics provides data for Germany from 2017 to 2020. The average value for Germany during that period was 53.56 index points with a minimum of 48.5 index points in September 2019 and a maximum of 59 index points in January 2018.
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around the world.
* indicates monthly or quarterly data series
Measure: index points
Source: Markit Economics
Definition: The composite Purchasing Managers’ Index (PMI) is an indicator of economic health for manufacturing and service sectors. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. Each country PMI survey for the manufacturing or service sector is based on questionnaire responses from panels of senior purchasing executives (or similar) at over 400 companies.
The composite PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change.