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.

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Germany Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 50.70 49.20 points Jan 2023
Manufacturing PMI 47.30 47.10 points Jan 2023
Composite PMI 49.90 49.00 points Jan 2023

Germany Manufacturing PMI
The S&P Global/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.
Actual Previous Highest Lowest Dates Unit Frequency
47.30 47.10 66.60 32.00 2008 - 2023 points Monthly
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News Stream
Germany Manufacturing PMI Revised Slightly Higher
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.
2023-02-01
Germany Factory Activity Shrinks Slightly More in January
S&P Global Manufacturing PMI for Germany unexpectedly edged lower to 47 in January of 2023 from 47.1 in December, compared to market forecasts of 47.9. The reading pointed to a seventh straight month of contraction in factory activity, according to preliminary estimates. Goods producers’ purchasing activity continued to fall sharply, reflecting not only lower output requirements, but also the depletion of safety stocks amid a further improvement in material availability. Indeed, average lead times on inputs shortened notably and for a third successive month. Also, manufacturing production extended losses and employment growth weakened. On the other hand, cost pressures slowed as strain on supply chains eased.
2023-01-24
Germany Manufacturing PMI Revised Slightly Lower
The S&P Global/BME Germany Manufacturing PMI was revised lower to 47.1 in December of 2022 from a preliminary of 47.4. The reading pointed to a sixth consecutive month of falling factory activity although the smallest decline in three months, helped by a further reduction in supply chain frictions. Better material availability also helped to ease output contraction and average lead times on inputs were reduced for a second month. On the other hand, new orders were down for the ninth month in a row, reflecting heightened levels of uncertainty and high stocks among customers. On the price front, input cost inflation fell markedly but remained well above its pre-pandemic average, owing in large part to high energy prices. Meanwhile, expectations towards future output, with confidence picking up further from October's recent low to the highest since last March.
2023-01-02