The IHS Markit Germany Construction PMI increased to 47.5 in March of 2021 from 41 in February, the highest reading in 7 months as the downturn in Germany's construction sector eased. The latest reading was the second-highest since the start of the coronavirus pandemic behind that seen last August. However, it also highlighted growing pressure on supply chains, with the lack of availability across a range of key building materials and products pushing up purchase prices to the greatest extent since mid-2008. Several firms reported continued bad weather during March, alongside delays caused by long wait times on planning permissions and a soft patch in demand. As such, there were further slower declines in activity across each of the three broad construction categories monitored. Finally, latest data showed an improvement in constructors' expectations towards future activity to a 13-month high. source: Markit Economics
Construction PMI in Germany averaged 51.21 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 April of 2021.
Construction PMI in Germany is expected to be 54.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction PMI in Germany to stand at 53.80 in 12 months time. 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.