The IHS Markit Germany Manufacturing PMI rose to 36.8 in May 2020 from an 11-year low of 34.5 in the previous month, but still below market expectations of 39.2, a preliminary estimate showed. Both output and new orders contracted at a softer rate following a loosening of coronavirus-related lockdown measures, while the pace of job shedding accelerated. In addition, there was a renewed fall in stocks of purchases and a less marked increase in supplier delivery times.
Manufacturing PMI in Germany averaged 51.30 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 May of 2020. source: Markit Economics
Manufacturing PMI in Germany is expected to be 44.00 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 51.00 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.