The IHS Markit Germany Construction PMI increased to 47.1 in December of 2020 from 45.6 in November, pointing to the 10th consecutive month of falling construction activity although the downturn eased. Activity and new orders fell at a slower pace, employment came close to stabilising and constructors' purchasing activity rose for the first time in ten months. However, the latter partly reflected a response to growing supply pressures, with constructors still pessimistic towards future activity due to concerns about the impact of the coronavirus pandemic on client demand in the months ahead. Finally, constructors generally remained downbeat due to worries about the hit to client budgets from the pandemic. Firms were even slightly more pessimistic than in November, but less so than the lows seen during the first COVID wave. source: Markit Economics
Construction PMI in Germany averaged 51.42 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 January of 2021.
Construction PMI in Germany is expected to be 50.50 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 52.50 in 12 months time. In the long-term, the Germany Construction PMI is projected to trend around 53.60 points in 2022, according to our econometric models.