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Final PMI: German Private Sector Returns to Negative Territory in April

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Germany's private sector output contracted for the first time in nearly a year, as the impact of the Middle East conflict resulted in a slump in services activity and the sharpest drop in new orders since May 2025.

The final Germany Composite PMI Output Index edged down to 48.4 in April 2026 from 51.9 a month ago, S&P Global said Wednesday. The final reading was above the flash estimate of 48.3.

For the service sector, the final PMI clocked in at 46.9, aligning with the initial forecast and against the previous month's 50.9. The reading marks the first contraction since August 2025.

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