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.

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Germany Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
60.60 57.10 63.30 32.00 2008 - 2021 points Monthly
SA


News Stream
Germany Factory Growth Strongest in 3 Years
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.
2021-02-19
Germany Factory Growth Remains Robust: PMI
The IHS Markit/BME Germany Manufacturing PMI was revised slightly higher to 57.1 in January of 2021 from a preliminary of 57 but below 58.3 reported in December. Still, the reading pointed to robust growth in factory activity, amid further gains in output and new orders. The rate of factory job shedding slowed as goods producers reported record optimism towards the future activity. However, a growing incidence of supply chain bottlenecks linked to shortages of inputs and a lack of available shipping containers contributed to a spike in input cost inflation and lower inventories at manufacturers. The degree of optimism shown by manufacturers towards production levels in a year's time strengthened to a series record high in January. Many firms were hopeful of a further recovery in demand and client investment once the coronavirus disease 2019 (COVID-19) vaccine rollouts were well underway.
2021-02-01
Germany Factory Growth Slows to 4-Month Low
The IHS Markit Germany Manufacturing PMI decreased to 57 in January of 2021, the least in 4 months, from an almost 3 year high of 58.3 reported in December, flash estimates showed. Figures came slightly below forecasts of 57.5 but still pointed to robust growth. Manufacturing Output Index remained in growth territory, though slipped to a five-month low and order book volumes slowed. Meanwhile, international sales boosted new orders and backlogs of orders increased. Also, the drop in employment was the lowest since June of 2019 and price pressures were on the rise. Finally, business confidence improved to record levels.
2021-01-22
Germany Manufacturing PMI Revised Slightly Down: PMI
The IHS Markit/BME Germany Manufacturing PMI was revised lower to 58.3 in December of 2020 from a preliminary of 58.6. Still, the reading pointed to the strongest growth in factory activity since February of 2018, as it continued to recover from the shutdowns induced by the coronavirus pandemic earlier in 2020. Production continued to rise, albeit at a slightly reduced rate, while goods producers reported strong optimism towards the year-ahead outlook. Less positively, however, factory workforce numbers remained in decline, while increased strain on manufacturing supply chains led to a sharp rise in cost pressures. Looking ahead to prospects for 2021, December's survey showed high expectations among manufacturers for output in the coming year. Many firms were hopeful that the pandemic's impact on economic activity would diminish, and that clients' appetite for investment spending would continue to recover.
2021-01-04

Germany Manufacturing PMI
The Markit/BME Germany Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of 500 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.