05.11.202509:13:24UTC+00Germany Composite PMI Revised Slightly Up

The HCOB Germany Composite PMI for October 2025 was adjusted upward to 53.9 from the initial estimate of 53.8, showing improvement over September's figure of 52. This indicates the most robust growth in private sector activity since May 2023. The services sector experienced accelerated expansion, moving to 54.6 from 51.5, while the contraction in manufacturing was less severe, decreasing marginally to 49.6 from 49.5. New business orders increased at the fastest pace since April 2022, despite a slight weakening in export sales. The total work backlogs grew for the first time in over three years, highlighting rising capacity pressures within the service industry. In terms of employment, renewed hiring in service firms largely compensated for job reductions in the manufacturing sector. Regarding prices, the service sector was the driving force behind the accelerated increase in both input costs and output charges. Factory gate prices saw their most significant rise since April 2023. Lastly, business expectations hit their lowest point since April.