The IHS Markit Germany Construction PMI rose to 54.9 in January 2020 from 53.8 in the previous month, signalling the second-fastest expansion in the sector over the past two years. Homebuilding grew by the most for ten months and commercial activity also rose, with the level of work on office spaces, manufacturing plants, retail centres and other commercial projects rising for the first time in seven months. Civil engineering works meanwhile dropped for the tenth consecutive month. Overall new orders increased at the fastest pace since February last year, and both the rate of job creation and the rise in sub-contractor usage were the strongest in ten months. On the price front, the rate of cost inflation picked up to a six-month high. Looking ahead, business optimism remained relatively subdued compared to the highs over the past four years.
Construction Pmi in Germany averaged 52.38 points from 2013 until 2020, reaching an all time high of 59.80 points in January of 2018 and a record low of 45.50 points in June of 2014. This page provides - Germany Construction Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Markit Economics
Construction Pmi in Germany is expected to be 53.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Pmi in Germany to stand at 52.00 in 12 months time. In the long-term, the Germany Construction Pmi is projected to trend around 52.50 points in 2021, according to our econometric models.