The IHS Markit Germany Manufacturing PMI rose to 36.8 in May 2020 from an 11-year low of 34.5 in the previous month, but still below market expectations of 39.2, a preliminary estimate showed. Both output and new orders contracted at a softer rate following a loosening of coronavirus-related lockdown measures, while the pace of job shedding accelerated. In addition, there was a renewed fall in stocks of purchases and a less marked increase in supplier delivery times.

Manufacturing PMI in Germany averaged 51.30 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 May of 2020. source: Markit Economics

Manufacturing PMI in Germany is expected to be 44.00 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 51.00 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
36.80 34.50 63.30 32.00 2008 - 2020 points Monthly
SA


News Stream
German Factory Slump Eases Slightly
The IHS Markit Germany Manufacturing PMI rose to 36.8 in May 2020 from an 11-year low of 34.5 in the previous month, but still below market expectations of 39.2, a preliminary estimate showed. Both output and new orders contracted at a softer rate following a loosening of coronavirus-related lockdown measures, while the pace of job shedding accelerated. In addition, there was a renewed fall in stocks of purchases and a less marked increase in supplier delivery times.
2020-05-21
Germany Manufacturing PMI Revised Slightly Higher
The IHS Markit/BME Germany Manufacturing PMI was revised slightly higher to 34.5 in April of 2020 from an initial estimate of 34.4. The reading pointed to the sharpest contraction in factory activity since March of 2009 as the COVID-19 pandemic and resulting global virus containment measures led to a record fall in output and new orders. Also, a collapse in demand and bleak outlook for the coming year meanwhile resulted in the deepest cuts to factory job numbers for almost 11 years, despite widespread uptake of the short-time work scheme. Manufacturers' expectations for output over the coming year remained close to March's series record low. Most firms were pessimistic (62%), often citing concerns about long-lasting effects on demand and supply from the virus outbreak.
2020-05-04
Germany Factory Activity Shrinks More than Expected: PMI
The IHS Markit Germany Manufacturing PMI fell to 34.4 in April of 2020 from 45.4 in March, below expectations of 39, preliminary figures showed. It is the lowest reading since March of 2009, as a result of the COVID-19 pandemic and subsequente lockdown. Factory output and new orders dropped sharply and job shedding was the fastest in 11 years. On the other hand, supplier delivery times posted a record increase and stock of purchases rose. Firms’ expectations towards activity over the next 12 months remained deep in negative territory.
2020-04-23
Germany Manufacturing PMI Revised Lower
The IHS Markit/BME Germany Manufacturing PMI was revised lower to 45.4 in March of 2020 from an initial estimate of 45.7. The reading pointed to the 15th straight month of contraction in factory activity amid progression of the coronavirus disease outbreak into a pandemic. Both output and new orders fell the most since April of 2009, driven by growing weakness in international demand and increased supply-chain disruption. Employment capacity was meanwhile scaled back. There was some relief on the supply-side from a further drop in input costs, linked to lower demand for raw materials and the recent slump in oil prices. The decline in output prices accelerated to the quickest since September of 2009. Finally, business confidence posted a record fall, slumping to its lowest for at least eight years.
2020-04-01

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.