The IHS Markit Manufacturing PMI edged up to 65.6 in July of 2021 from 65.1 in June, well above market forecasts of 64.2, flash figures showed. The reading pointed to the strongest growth in factory activity in 3 months as the output remained strong although a number of companies of noted production levels were constrained by material shortages. Manufacturing order books, by contrast, showed a further acceleration at the start of the third quarter, growing at the quickest rate since April and employment also increased at unprecedent levels. On the price front, purchase price inflation hit an all-time high and output prices also accelerated. Finally, business confidence eased from June but remained strong. source: Markit Economics
Manufacturing PMI in Germany averaged 51.95 points from 2008 until 2021, reaching an all time high of 66.60 points in March of 2021 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 July of 2021.
Manufacturing PMI in Germany is expected to be 53.60 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 54.50 in 12 months time. In the long-term, the Germany Manufacturing PMI is projected to trend around 54.80 points in 2022 and 54.00 points in 2023, according to our econometric models.