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.