The IHS Markit Germany Manufacturing PMI jumped to 60.6 in February of 2021 from 57.1 in January, well above market forecasts of 56.5, flash estimates showed. The reading pointed to the strongest growth in factory activity in 3 years as order book volumes remained robust, supported by the strongest growth in factory export orders in over three years. Backorders at manufacturers continued to rise steeply despite record reports of delays in the delivery of inputs amid raw material shortages and squeezed transport capacity, as well an associated spike in costs. Having fallen in each month throughout the past two years, manufacturing employment came closer to stabilising in February, recording only a marginal decline that was the slowest in the aforementioned period. Finally, business confidence remained strong. source: Markit Economics
Manufacturing PMI in Germany averaged 51.52 points from 2008 until 2021, reaching an all time high of 63.30 points in December of 2017 and a record low of 32 points in January of 2009. This page provides the latest reported value for - Germany Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Manufacturing PMI in Germany is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Germany to stand at 52.00 in 12 months time. In the long-term, the Germany Manufacturing PMI is projected to trend around 54.00 points in 2022, according to our econometric models.