The IHS Markit Germany Construction PMI rose to 53.8 in December 2019 from 52.5 in the previous month, marking a further recovery from August's five-year low. The reading pointed to the fastest pace of expansion in the construction sector since last March as homebuilding growth accelerated to a nine-month high and commercial activity stabilised following five months of decline. In contrast, civil engineering remained in contraction territory. Overall inflows of new work were up the most since last March and the rate of job creation was the quickest since the opening quarter of 2019, while building firms' purchasing also increased solidly. On the price front, overall cost increases remained close to the lowest seen over the past four years. Looking ahead, confidence among constructors was the lowest since the end of 2014, due to concerns for commercial activity amid a broader economic slowdown, and worries about a lack of tenders for local infrastructure projects
Construction Pmi in Germany averaged 52.35 points from 2013 until 2019, reaching an all time high of 59.80 points in January of 2018 and a record low of 45.50 points in June of 2014. This page provides - Germany Construction Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Markit Economics
Construction Pmi in Germany is expected to be 50.60 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 52.00 in 12 months time. In the long-term, the Germany Construction Pmi is projected to trend around 52.50 points in 2020, according to our econometric models.