The IHS Markit Germany Manufacturing PMI fell to 57.9 in November of 2020 from 58.2 in October, but above market forecasts of 56.5, flash estimates showed. The reading still pointed to a strong growth in factory activity, with the output index remaining levanted at 62.7, albeit down from October’s peak of 65.1, its first correction for seven months. Also, order books extended their recent recovery, helped by rising exports sales, albeit with the data highlighting some loss of momentum in the rate of growth. Job losses slowed and factory gate charges increased to the greatest extent since May 2019 amid a solid and accelerated uptick in goods producers’ purchase prices. Finally, manufacturers remained generally upbeat about the outlook amid progress in the development of COVID-19 vaccines. source: Markit Economics
Manufacturing PMI in Germany averaged 51.38 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 December of 2020.
Manufacturing PMI in Germany is expected to be 50.00 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 53.60 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.