The S&P Global/BME Germany Manufacturing PMI was revised slightly higher to 47.3 in January of 2023 from a preliminary of 47, but continued to point to a seventh straight month of falling factory activity. The biggest drag came again from new orders, amid high stock levels among customers, elevated prices and investment reticence. New exports orders, which firms indicated were impacted in part by weaker demand from China, showed a similar trend. Production shrank at the same pace as in December while employment rose for a twenty-third straight month although at a slower pace, and supplier delivery times improved for a third month. Meanwhile, input cost inflation slowed to the lowest in 27 months while average charges rose slightly faster. Finally, business expectations turned positive for the first time since February of 2022. source: Markit Economics
Manufacturing PMI in Germany averaged 52.10 points from 2008 until 2023, reaching an all time high of 66.60 points in March of 2021 and a record low of 32.00 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 February of 2023.
Manufacturing PMI in Germany is expected to be 49.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.