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.

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Germany Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
56.60 52.20 63.30 32.00 2008 - 2020 points Monthly
SA


News Stream
German Factory Growth Highest in Over 2 Years
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.
2020-09-23
Germany Factory Growth Revised Lower: PMI
The IHS Markit Germany Manufacturing PMI was revised lower to 52.2 in August from a preliminary of 53. Still, the reading pointed to the second straight month of rising factory activity and the strongest growth since October of 2018. New orders continue to rebound from the lows during the coronavirus lockdown and growth of production reached the strongest for two-and-a-half years, led by the intermediate and consumer goods, while makers of investment goods lag behind. Goods producers meanwhile noted a further marked round of job cuts, though the decline in employment eased amid improved expectations and steadily rising backlogs of work. The degree of optimism was the highest since February 2018, with a growing number of companies hopeful of a sustained recovery in domestic and export demand.
2020-09-01
Germany Factory Growth Strongest in Near 2 Years
The IHS Markit Germany Manufacturing PMI rose to 53 in August of 2020 from 51 in July, beating market forecasts of 52.5. The reading pointed to the strongest increase in factory activity since September of 2018, preliminary figures showed, a sign the economy is recovering form the coronavirus hit. Production grew sharply, new work and export sales rose markedly for the second month and job shedding slowed. The only negative directional influence was from the stocks of purchases component, with goods producers reporting an accelerated decline in preproduction inventories. Efforts to streamline stocks were indeed reflected in only a marginal rise in manufacturers’ purchasing activity, the rate of growth of which was well below those of both output and new orders. Also, business expectations were the strongest in two-and-a-half years.
2020-08-21
Germany Manufacturing PMI Revised Higher
The IHS Markit/BME Germany Manufacturing PMI was revised higher to 51 in July 2020 from a preliminary of 50 and June’s 45.2. The reading pointed to the first expansion in factory activity since December 2018, as businesses conditions start to improve following disruptions caused by the coronavirus crisis. Output rose for the first time since January and at the fastest pace in almost two years and new orders increased at the steepest rate in over two years amid a recovery in domestic and foreign demand. Meanwhile, the job shedding rate accelerated and was among the fastest since 2009. On the price front, input prices fell at the softest pace since February due to lower cost of raw materials and discounts from suppliers and output charges dropped to the smallest extent in the current 13-month period of discounting. Finally, sentiment improved amid hopes of a sustained recovery.
2020-08-03

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.