The S&P Global/BME Germany Manufacturing PMI was revised lower to 46.2 in November of 2022 from a preliminary of 46.7, pointing to a slightly sharper contraction in factory activity than initially estimated, and extending the decline for a fifth straight month. However, the index was above a two-and-a-half year low of 45.1 in October. Weakening demand due to high energy costs, soaring inflation and an uncertain economic outlook continues to weigh, with lower sales to Asia and across Europe. source: Markit Economics

Manufacturing PMI in Germany averaged 52.16 points from 2008 until 2022, 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 December of 2022.

Manufacturing PMI in Germany is expected to be 46.00 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 51.50 points in 2023 and 54.30 points in 2024, according to our econometric models.

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Germany Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 46.40 46.50 points Nov 2022
Manufacturing PMI 46.20 45.10 points Nov 2022
Composite PMI 46.40 45.10 points Nov 2022

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
46.20 45.10 66.60 32.00 2008 - 2022 points Monthly
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News Stream
Germany Manufacturing PMI Revised Down
The S&P Global/BME Germany Manufacturing PMI was revised lower to 46.2 in November of 2022 from a preliminary of 46.7, pointing to a slightly sharper contraction in factory activity than initially estimated, and extending the decline for a fifth straight month. However, the index was above a two-and-a-half year low of 45.1 in October. Weakening demand due to high energy costs, soaring inflation and an uncertain economic outlook continued to weigh, with lower sales to Asia and across Europe. Output also fell although improved material availability and the clearing of backlogs of work helped support production. Employment rose. Meanwhile, input inflation registered one of its steepest monthly drops on record to take it to its lowest since December 2020 and factory gates charges increased at a slowest rate for 19 months. Finally, manufacturers were slightly less pessimistic about the year ahead outlook for output.
2022-12-01
Germany Manufacturing PMI Above Forecasts
The S&P Global Flash Germany Manufacturing PMI increased to 46.7 in November of 2022 from 45.1 in October, beating market forecasts of 45. Still, the reading pointed to the fifth consecutive month of contracting factory activity, as demand continues to be pressured from high inflation, preliminary estimates showed. The decline in new orders was less marked than in October and there were reports of improved material availability and an outright improvement in lead times on inputs for the first time since July 2020. On the price front, input price inflation fell sharply to a 23-month low. Finally, manufacturers were less pessimistic about the outlook.
2022-11-23
Germany Manufacturing Activity Falls More than Initially Anticipated
The S&P Global/BME Germany Manufacturing PMI was revised lower to 45.1 in October of 2022 from a preliminary of 45.7, pointing to a fourth straight month of falling factory activity and the biggest contraction since May of 2020. Output declined faster and new orders shrank at one the fastest rates ever, exceeded only by those seen during the global financial crisis and the initial COVID shock. High inflation, soaring energy costs and greater caution among clients amid concerns towards the outlook all acted to suppress demand. Meanwhile, backlogs of work continued to fall, buying levels fell the most since June 2020 as goods producers were somewhat less inclined to build up stocks. At the same time, employment growth picked up slightly and both input and output inflation slowed. Looking ahead, expectations slumped to the lowest since the initial COVID-19 outbreak, amid concerns over persistently high inflation, elevated energy costs, rising interest rates and the prospect of recession.
2022-11-02