The IHS Markit Germany Construction PMI fell to 45.5 in September of 2020 from 48 in August, pointing to a fresh setback for the construction sector as activity contracted at a faster pace. This was the lowest reading for three months, although it remained notably higher than those seen between March and June. The main drag was from the commercial building sub-sector, where work fell sharply and at the fastest rate for three months. Civil engineering activity also remained in contraction, albeit with the decline easing to the weakest since February. The only bright spot was housing activity, though even here data showed the softest growth for three months. Furthermore, amid an ongoing decline in new orders and pessimistic expectations for activity over the year ahead, building companies continued to scale back workforce numbers during the month.
Construction Pmi in Germany averaged 51.61 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 October of 2020. source: Markit Economics
Construction 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 Construction Pmi in Germany to stand at 53.20 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.