FX.co ★ Germany’s HCOB Composite PMI Inches Higher in February, Signaling Steady Expansion

Germany’s HCOB Composite PMI edged up in February, indicating a marginal strengthening in overall business activity. The index rose to 53.2, slightly above the previous reading of 53.1 recorded in February 2026, remaining comfortably above the 50-point threshold that separates expansion from contraction.

The modest uptick suggests that both manufacturing and services activity in Germany continued to expand at a stable pace, with no significant acceleration or slowdown compared with the prior month. While the gain is small, the continued improvement may be viewed as a sign of resilience in Europe’s largest economy.

The data, last updated on 4 March 2026, will be closely watched by investors and policymakers for confirmation that Germany’s private sector can sustain this expansionary momentum amid a challenging global backdrop.