The IHS Markit Germany Manufacturing PMI rose to 56.6 in September of 2020 from 52.2 in August, beating market forecasts of 52.5. The reading pointed to the biggest expansion in factory activity since July of 2018, preliminary estimates showed. Goods producers reported ramping up production in line with increasing inflows of new work, which rose at the fastest rate for more than a decade in September, helped in turn by a steep and accelerated increase in new export orders. Backlogs of work also increased sharply and job shedding was the weakest overall for seven months. Finally, manufacturers’ confidence towards future activity improved in September.
Manufacturing PMI in Germany averaged 51.29 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 September of 2020. source: Markit Economics
Manufacturing PMI in Germany is expected to be 52.70 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 55.00 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.