The IHS Markit Construction PMI for Germany fell to 44.6 in August of 2021 from 47.1 in the previous month. The pace of contraction in building activity was the sharpest in three months, amid lingering supply-chain issues and stronger price pressures. Output continued to shrink in the commercial, civil-engineering sectors, and for the first time in three months, also in housing. Likewise, new orders retreated faster too, while staffing levels eased down at the softest pace since March. Broad shortages of key materials remained the main factor behind historically high supply delays, although the rate of deterioration in supplier performance eased further from May’s record. On the price front, average prices rose sharply once again amid the current supply-demand imbalances. Finally, sentiment surrounding activity over the coming year neared the optimistic territory, driven by an uptick in expectations regarding the 12-month outlook. source: Markit Economics
Construction PMI in Germany averaged 50.94 points from 2013 until 2021, reaching an all time high of 59.80 points in January of 2018 and a record low of 31.90 points in April of 2020. This page provides - Germany Construction Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Germany Construction PMI - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Construction PMI in Germany is expected to be 53.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Construction PMI is projected to trend around 54.50 points in 2022 and 53.60 points in 2023, according to our econometric models.