The flash reading of Germany's composite purchasing managers' index for September, published by S&P Global, came in at 53.8, up from 51.8 in August and the highest level since October 2025. Economists polled by Reuters had expected it to hold steady at 51.8 from the previous month. Within the breakdown, the services sector PMI rose to 52.9 from 49.7 in August, its highest in seven months, as service-sector business activity swung back to expansion after shrinking for five straight months through the prior month. The manufacturing PMI, meanwhile, fell to 53.8 from 54.3 in August but remained in expansion territory. Phil Smith, associate director of economics at S&P Global Market Intelligence, said production growth accelerated even as inflationary pressures picked up again, expectations for the outlook held steady, and employment rose for a second consecutive month. Input costs rose at their fastest pace in four months, well above the long-run average, with surveyed companies pointing to higher fuel prices and broadly higher energy costs.
S&P Global IncS&P Global publishes the German PMI, which beat expectations and showed services returning to expansion, boosting demand for its data products.
