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23.09.202607:30:00UTC+00Germany’s Private Sector Momentum Strengthens as HCOB Composite PMI Climbs to 53.8 in September

Germany’s private sector showed firmer signs of expansion in September, as the HCOB Germany Composite PMI rose to 53.8, up from 51.8 recorded in August 2026. The latest reading, released on 23 September 2026, signals a quicker pace of growth in overall business activity across manufacturing and services.

The two-point increase in the composite index suggests that underlying economic momentum is improving, with activity moving further into expansion territory above the neutral 50.0 mark. The data for September 2026 indicate that conditions in Germany’s economy have continued to stabilize and strengthen compared with the previous month.

The sustained move higher from August to September will be closely watched by markets and policymakers as a potential sign that Germany’s private sector is building resilience after a period of more subdued performance earlier in the year.

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