The IHS Markit Germany Manufacturing PMI was confirmed at 44.3 in May 2019, little-changed from 44.4 in the previous month, pointing to a fifth month of contraction in the manufacturing sector due to a continued fall in new orders amid a slowdown in the car industry, the US-China trade conflict and customer destocking on sales. In addition, the rate of job losses accelerated to the quickest since January 2013, while pre-production inventories fell at the quickest rate in over six years and stocks of finished goods dropped the most since September 2016. On the price front, manufacturing purchase prices declined for the first time since mid-2016 while factory gate prices rose at a modest pace that was close to April’s 29-month low. Manufacturers remained downbeat about the outlook, though they were the least pessimistic since January, citing lingering concerns towards trade conflicts, the auto sector slowdown and Brexit. Manufacturing PMI in Germany is reported by Markit Economics.

Manufacturing PMI in Germany is expected to be 45.10 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 52.00 in 12 months time. In the long-term, the Germany Manufacturing PMI is projected to trend around 54.00 in 2020, according to our econometric models.

Germany Manufacturing PMI
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Germany Business Last Previous Highest Lowest Unit
Business Confidence 97.90 99.20 109.80 79.80 Index Points [+]
Services PMI 55.40 55.70 60.30 41.30 Index Points [+]
Manufacturing PMI 44.30 44.40 63.30 32.00 [+]
Composite Pmi 52.40 52.20 59.00 50.20 Index Points [+]
Industrial Production -1.80 -0.90 15.30 -21.80 percent [+]
Industrial Production Mom -1.90 0.50 4.00 -6.90 percent [+]
Manufacturing Production -3.40 -2.10 15.50 -24.10 percent [+]
Capacity Utilization 85.40 86.30 88.70 70.20 percent [+]
New Orders 102.50 102.00 113.50 8.80 Index Points [+]
Factory Orders 0.30 0.80 27.10 -15.70 percent [+]
Changes in Inventories -3.37 3.08 10.85 -11.30 EUR Billion [+]
Bankruptcies 1582.00 1579.00 3755.00 416.00 Companies [+]
Corporate Profits 192.10 193.12 202.12 91.05 EUR Billion [+]
Zew Economic Sentiment Index -21.10 -2.10 89.60 -63.90 [+]
Car Production 445700.00 414300.00 583399.00 265542.00 Units [+]
Car Registrations 332962.00 310715.00 552865.00 43460.00 [+]
Internet Speed 15298.72 14588.37 15298.72 3207.62 KBps [+]
IP Addresses 38794861.00 38344874.00 38794861.00 18134106.00 IP [+]
Mining Production -15.90 -13.60 46.60 -30.40 percent [+]
Steel Production 3358.31 3675.00 4744.00 907.00 Thousand Tonnes [+]
Competitiveness Index 82.84 82.64 82.84 5.37 Points [+]
Competitiveness Rank 3.00 3.00 7.00 3.00 [+]
Corruption Index 80.00 81.00 82.70 73.00 Points [+]
Corruption Rank 11.00 12.00 20.00 10.00 [+]
Ease of Doing Business 24.00 20.00 27.00 14.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
44.30 44.40 63.30 32.00 2008 - 2019 Monthly
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Country Last Previous
Australia 52.70 May/19
Brazil 50.20 May/19
Canada 49.10 May/19
China 50.20 May/19
Euro Area 47.70 May/19
France 50.60 May/19
Germany 44.30 May/19
India 52.70 May/19
Indonesia 51.60 May/19
Italy 49.70 May/19
Japan 49.80 May/19
Mexico 50.00 May/19
Netherlands 52.20 May/19
Russia 49.80 May/19
Saudi Arabia 57.30 May/19
Singapore 49.90 May/19
South Africa 45.40 May/19
South Korea 48.40 May/19
Spain 50.10 May/19
Switzerland 48.60 May/19
Turkey 45.30 May/19
United Kingdom 49.40 May/19
United States 50.50 May/19


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