The S&P Global/BME Germany Manufacturing PMI was revised slightly lower to 46.3 in February of 2023 from a preliminary of 46.5, pointing to another sharp contraction in factory activity which now extended for an eighth month. A rapid improvement in supplier delivery times and a decline in stocks of purchases were the main drags while output rose for the first time in nine months as constraints on production from supply-chain bottlenecks showed further signs of easing. At the same time, the decline in new orders slowed, employment picked up, average prices paid for purchases fell for the first time since September of 2020 and output price inflation eased to the weakest for two years. Finally, manufacturers' expectations towards future output improved further to the highest for 12 months. source: Markit Economics

Manufacturing PMI in Germany averaged 52.07 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 March 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. In the long-term, the Germany Manufacturing PMI is projected to trend around 54.30 points in 2024 and 54.00 points in 2025, according to our econometric models.

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Germany Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 46.30 47.30 points Feb 2023
Services PMI 50.90 50.70 points Feb 2023
Composite PMI 50.70 49.90 points Feb 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
46.30 47.30 66.60 32.00 2008 - 2023 points Monthly
SA

News Stream
Germany Manufacturing PMI Revised Lower in February
The S&P Global/BME Germany Manufacturing PMI was revised slightly lower to 46.3 in February of 2023 from a preliminary of 46.5, pointing to another sharp contraction in factory activity which now extended for an eighth month. A rapid improvement in supplier delivery times and a decline in stocks of purchases were the main drags while output rose for the first time in nine months as constraints on production from supply-chain bottlenecks showed further signs of easing. At the same time, the decline in new orders slowed, employment picked up, average prices paid for purchases fell for the first time since September of 2020 and output price inflation eased to the weakest for two years. Finally, manufacturers' expectations towards future output improved further to the highest for 12 months.
2023-03-01
Germany Factory Activity Shrinks More than Expected
The S&P Global Germany Manufacturing PMI unexpectedly fell to 46.5 in February of 2023 from 47.3 in January, compared to forecasts of 48, preliminary estimates showed. The reading pointed to a deeper contraction in factory activity and an eighth consecutive month of falls in the manufacturing sector, as stocks of purchases were reduced for the first time in nearly one-and-a-half years and as supplier delivery times shortened. Manufacturers noted a continued downturn in new orders, led by a sustained sharp drop in export sales, although the decline was smaller than in January. On the other hand, production levels rose for the first time in nine months amid widespread reports of improved material availability. Also, employment edged higher and the alleviation of supply bottlenecks was reflected in the first drop in manufacturing purchasing costs for almost two-and-a-half years, although overall rates of input price and output charge inflation nevertheless remained elevated.
2023-02-21
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