The IHS Markit Germany Construction PMI increased to 40.1 from near record low of 31.9. in April. However, the reading still pointed to a big contraction in construction activity, with the coronavirus pandemic reportedly weighing on inflows of new work and disrupting on-site work. Output and new orders both fell more slowly than in April, as did employment. Elsewhere, the survey showed historically soft cost pressures in the sector, with purchase price inflation easing to the lowest in over five years. Constructors highlighted concerns about potential longer-term repercussions of the pandemic, including a weaker appetite for investment and squeezed council budgets. As such, expectations towards activity over the next 12 months remained in negative territory, albeit with the degree of pessimism easing further from March's 11-plus year low.
Construction Pmi in Germany averaged 51.90 points from 2013 until 2020, reaching an all time high of 59.80 points in January of 2018 and a record low of 31.90 points in April of 2020. This page provides - Germany Construction Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Germany Construction Pmi - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Markit Economics
Construction Pmi in Germany is expected to be 45.00 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 50.50 in 12 months time. In the long-term, the Germany Construction Pmi is projected to trend around 52.50 points in 2021 and 53.60 points in 2022, according to our econometric models.