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.

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Germany Construction Pmi

Actual Previous Highest Lowest Dates Unit Frequency
45.50 48.00 59.80 31.90 2013 - 2020 points Monthly
SA


News Stream
German Construction Sector Shrinks at Faster Pace
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.
2020-10-06
German Construction Activity Contracts at a Softer Pace
The IHS Markit Germany Construction PMI rose to 48 in August 2020 from 47.1 in the previous month. The latest reading pointed to the sixth consecutive contraction in the construction sector, albeit at the slower pace in the current sequence as the coronavirus pandemic remained a restraining factor on demand. New orders continued to fall, but eased for the fourth successive month; and the job shedding rate slowed to a five-month low. Finally, sentiment a remained on an upward trajectory, with the index recovering further from March's near record low.
2020-09-04
Germany Construction Sector Shrinks at a Softer Pace
The IHS Markit Germany Construction PMI increased to 47.1 in July of 2020 from 41.3 in June. The latest reading pointed to an ongoing soft patch in German construction activity in July, linked to the impact of the coronavirus disease 2019 pandemic. However, the decline in the sector continued to ease thanks in part to an upswing in residential activity. In addition, data indicated slower decreases in new orders, employment and buying levels, as well as less pessimistic expectations towards future activity.
2020-08-06
Germany Construction Sector Shrinks at a Softer Pace
The IHS Markit Germany Construction PMI increased to 40.1 from near record low of 31.9. in April. However, the reading still pointed to a big contraction in construction activity, with the coronavirus pandemic reportedly weighing on inflows of new work and disrupting on-site work. Output and new orders both fell more slowly than in April, as did employment. Elsewhere, the survey showed historically soft cost pressures in the sector, with purchase price inflation easing to the lowest in over five years. Constructors highlighted concerns about potential longer-term repercussions of the pandemic, including a weaker appetite for investment and squeezed council budgets. As such, expectations towards activity over the next 12 months remained in negative territory, albeit with the degree of pessimism easing further from March's 11-plus year low.
2020-06-04

Germany Construction Pmi
The Germany Construction Purchasing Managers’ Index® is based on original survey data collected from a representative panel of over 200 companies based in the German construction sector. Data are collected at mid-month, asking respondents to compare a variety of construction conditions with the situation one month ago. A reading of below 50.0 indicates that the construction activity is generally declining, above 50.0 that it is generally expanding and exactly 50.0 indicates no change on the level recorded the previous month.