The IHS Markit Flash Germany Manufacturing PMI rose to an eleven-month high of 45.2 in January 2020 from 43.7 in the previous month and above market expectations of 44.5, preliminary estimates showed. Still, the latest reading was firmly in contraction territory, but signalled the overall rate of decline in manufacturing easing for the third time in the past four months. New orders fell only modestly and at the slowest rate for 15 months while jobs cuts jumped. On the price front, strong competitive pressures and a ninth straight monthly decrease in the cost of raw materials and other inputs led manufacturers to reduce factory gate prices. Finally, Manufacturers' expectations for output in the year ahead were the most positive in almost one-and-a-half years.
Manufacturing PMI in Germany averaged 51.58 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. source: Markit Economics
Manufacturing PMI in Germany is expected to be 47.00 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 52.70 in 12 months time. In the long-term, the Germany Manufacturing PMI is projected to trend around 54.00 points in 2020, according to our econometric models.