AI Data Insight
The latest flash Germany Composite Output PMI for Q2 2026 slipped to 48.0, contracting further from the previous reading of 48.6, and falling significantly short of the market consensus expectation of 49.9. Although manufacturing output showed a slight stabilization, sluggish demand in the service sector and an accelerated decline in new orders were the main drags. In the short term, high costs and geopolitical uncertainties are expected to continue suppressing private sector activity.