---
title: "The Economic: Germany's March S&P Global PMI Composite Output fell to 51.9"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281895100.md"
description: "In March, Germany's S&P Global PMI Composite Output fell to 51.9, hitting a three-month low, primarily affected by a slowdown in service sector growth. The Services Business Activity Index dropped to 50.9, the lowest since September of last year, indicating a moderate expansion rate below the long-term average. Meanwhile, manufacturing output growth reached a 49-month high"
datetime: "2026-04-07T13:09:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281895100.md)
  - [en](https://longbridge.com/en/news/281895100.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281895100.md)
---

# The Economic: Germany's March S&P Global PMI Composite Output fell to 51.9

S&P Global released a Purchasing Managers' Index (PMI) survey showing that growth in Germany's private sector has fallen to a three-month low. The composite PMI output index decreased from 53.2 in February to a three-month low of 51.9 in March. The slowdown in growth was entirely due to the service sector, while manufacturing output growth reached a 49-month high.

The services business activity index for March was 50.9, down from 53.5 in February, marking the lowest reading since the recovery began last September, indicating that the pace of expansion was only moderate and below the long-term series average

### Related Stocks

- [DAX.US](https://longbridge.com/en/quote/DAX.US.md)
- [GY3S.DE](https://longbridge.com/en/quote/GY3S.DE.md)
- [XDDX.DE](https://longbridge.com/en/quote/XDDX.DE.md)

## Related News & Research

- [Germany May flash manufacturing PMI 49.9 vs 51.0 expected](https://longbridge.com/en/news/287175624.md)
- [German 10-year bond yield stays at 15-year high amid global bond rout](https://longbridge.com/en/news/286736377.md)
- [GERMAN SERVICES PMI: 47.8 (EST 47.0; PREV 46.9)](https://longbridge.com/en/news/287177962.md)
- [Eurozone May flash services PMI 46.4 vs 47.7 expected](https://longbridge.com/en/news/287179243.md)
- [France May flash services PMI 42.9 vs 46.6 expected](https://longbridge.com/en/news/287173721.md)