The IHS Markit Germany Manufacturing PMI increased to 58 in October of 2020 from 56.4 in September and well above market expectations of 55.1. The reading pointed to the strongest expansion in factory activity since April of 2018, preliminary estimates showed. Stronger growth of factory output and new orders, a slower fall in stocks of purchases, and a greater lengthening of input delivery times drove the expansion. There were increases in sales to Asia (often China), the US and across Europe. Input prices rose only marginally, but it was the first increase in a year-and-a-half amid higher demand for materials and associated shortages at suppliers. On the other hand, further staff cuts were observed. source: Markit Economics
Manufacturing PMI in Germany averaged 51.34 points from 2008 until 2020, 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 October of 2020.
Manufacturing PMI in Germany is expected to be 50.00 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 53.60 in 12 months time. In the long-term, the Germany Manufacturing PMI is projected to trend around 52.00 points in 2021 and 54.00 points in 2022, according to our econometric models.