The IHS Markit Germany Manufacturing PMI fell to 57.9 in November of 2020 from 58.2 in October, but above market forecasts of 56.5, flash estimates showed. The reading still pointed to a strong growth in factory activity, with the output index remaining levanted at 62.7, albeit down from October’s peak of 65.1, its first correction for seven months. Also, order books extended their recent recovery, helped by rising exports sales, albeit with the data highlighting some loss of momentum in the rate of growth. Job losses slowed and factory gate charges increased to the greatest extent since May 2019 amid a solid and accelerated uptick in goods producers’ purchase prices. Finally, manufacturers remained generally upbeat about the outlook amid progress in the development of COVID-19 vaccines. source: Markit Economics

Manufacturing PMI in Germany averaged 51.38 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 December of 2020.

Manufacturing PMI in Germany is expected to be 50.00 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 53.60 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.

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Germany Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
57.90 58.20 63.30 32.00 2008 - 2020 points Monthly
SA


News Stream
Germany Factory Growth Slows Less than Expected
The IHS Markit Germany Manufacturing PMI fell to 57.9 in November of 2020 from 58.2 in October, but above market forecasts of 56.5, flash estimates showed. The reading still pointed to a strong growth in factory activity, with the output index remaining levanted at 62.7, albeit down from October’s peak of 65.1, its first correction for seven months. Also, order books extended their recent recovery, helped by rising exports sales, albeit with the data highlighting some loss of momentum in the rate of growth. Job losses slowed and factory gate charges increased to the greatest extent since May 2019 amid a solid and accelerated uptick in goods producers’ purchase prices. Finally, manufacturers remained generally upbeat about the outlook amid progress in the development of COVID-19 vaccines.
2020-11-23
Germany Manufacturing PMI Revised Higher
The IHS Markit/BME Germany Manufacturing PMI was revised higher to 58.2 in October of 2020 from a preliminary of 58, pointing to the strongest expansion in factory activity since March of 2018. New orders rose at record pace amid stronger demand both domestically and abroad, with rising sales to Asia (particularly China) helping lift new export orders to the greatest extent since December of 2017. As a result, output growth was the third-fastest on record and reflected sharp increases in consumer, intermediate and investment goods. On the other hand, employment fell for the twentieth month. On the price front, average factory gate charges rose modestly and for the first time since May 2019, as stronger demand allowed some goods producers to pass on the burden of higher costs to clients. On the other hand, business confidence slowed slightly from a 32-month high in September but companies remained positive in general.
2020-11-02
Germany Factory Growth Highest in 2-1/2-Years: Markit
The IHS Markit Germany Manufacturing PMI increased to 58 in October of 2020 from 56.4 in September and well above market expectations of 55.1. The reading pointed to the strongest expansion in factory activity since April of 2018, preliminary estimates showed. Stronger growth of factory output and new orders, a slower fall in stocks of purchases, and a greater lengthening of input delivery times drove the expansion. There were increases in sales to Asia (often China), the US and across Europe. Input prices rose only marginally, but it was the first increase in a year-and-a-half amid higher demand for materials and associated shortages at suppliers. On the other hand, further staff cuts were observed.
2020-10-23
German Manufacturing PMI at Over 2-Year High
The IHS Markit/BME Germany Manufacturing PMI was revised slightly lower to 56.4 in September 2020, from a preliminary estimate of 56.6 and compared to August's 52.2. Still, the latest reading pointed to the steepest expansion in the sector since July 2018 as the economy continued to recover from the pandemic shock. New order growth was among the strongest recorded since data collection began in 1996, with new export orders rising the most since December 2017 amid reports of improved demand across Europe, China and Turkey. In addition, output increased the most in more than two-and-a-half years, while the rate of job shedding eased for the second month in a row. Purchasing activity growth was the fastest seen since February 2018. On the price front, both input costs and output charges fell. Looking ahead, business optimism reached the highest since January 2018, amid signs of clients upping spending and growing hopes of a post COVID-19 recovery in market demand.
2020-10-01

Germany Manufacturing PMI
The Markit/BME Germany Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of 500 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.