The S&P Global Germany Construction PMI fell to 43.5 in September 2026 from August’s eight-month high of 48.7. The renewed downturn in housing activity was a key drag, with the sector recording its steepest contraction since December 2024 after showing signs of stabilization in August. Commercial activity also suffered a fresh setback following a brief return to growth, while civil engineering activity fell marginally. New orders continued to decline, albeit at the slowest pace in three months. Weaker demand prompted constructors to reduce purchasing activity and cut their workforce, with employment declining at the fastest pace since April. Cost pressures also intensified, with both input costs and subcontractor rates rising at faster rates. Meanwhile, constructors continued to report delays, although the degree to which lead times lengthened was the least marked since last December. Looking ahead, constructors remained pessimistic about the outlook for activity in the year ahead. source: S&P Global

Construction PMI in Germany decreased to 43.50 points in September from 48.70 points in August of 2026. Construction PMI in Germany averaged 48.00 points from 2013 until 2026, 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.

Construction PMI in Germany decreased to 43.50 points in September from 48.70 points in August of 2026. Construction 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 Construction PMI is projected to trend around 50.50 points in 2027 and 52.60 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Building Permits 16461.00 18441.00 Units Aug 2026
Construction Orders -1.90 11.30 percent Jul 2026
Construction Output 10.50 1.10 percent Aug 2026
Home Ownership Rate 47.20 47.20 percent Dec 2025
House Price Index YoY 0.80 1.70 percent Sep 2026
Housing Index 221.77 222.54 points Sep 2026
Price to Rent Ratio 128.10 129.21 points Jun 2026
Residential Property Prices 1.41 2.56 Percent Mar 2026


Germany Construction PMI
The Germany Construction Purchasing Managers’ Index® is based on original survey data collected from a representative panel of over 200 companies based in the German construction sector. Data are collected at mid-month, asking respondents to compare a variety of construction conditions with the situation one month ago. A reading of below 50.0 indicates that the construction activity is generally declining, above 50.0 that it is generally expanding and exactly 50.0 indicates no change on the level recorded the previous month. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Germany Construction Activity Falls at Faster Pace
The S&P Global Germany Construction PMI fell to 43.5 in September 2026 from August’s eight-month high of 48.7. The renewed downturn in housing activity was a key drag, with the sector recording its steepest contraction since December 2024 after showing signs of stabilization in August. Commercial activity also suffered a fresh setback following a brief return to growth, while civil engineering activity fell marginally. New orders continued to decline, albeit at the slowest pace in three months. Weaker demand prompted constructors to reduce purchasing activity and cut their workforce, with employment declining at the fastest pace since April. Cost pressures also intensified, with both input costs and subcontractor rates rising at faster rates. Meanwhile, constructors continued to report delays, although the degree to which lead times lengthened was the least marked since last December. Looking ahead, constructors remained pessimistic about the outlook for activity in the year ahead.
2026-10-06
Germany Construction Activity Hits 8-Month High
The S&P Global Germany Construction PMI Total Activity Index rose sharply to 48.7 from 42.1 in July, marking an eight-month high and the slowest contraction since the downturn began at the start of the year. The improvement was led by commercial construction, where activity increased for the first time in more than a year, while residential activity declined at a much slower pace. Business confidence also improved slightly. However, civil engineering returned to contraction after a slight increase in July, while new orders continued to fall as high prices and borrowing costs weighed on demand. Employment declined for a seventh consecutive month, with job losses accelerating to their fastest pace since April. Input cost inflation rose for the first time in four months, reversing July’s five-month low, while supplier delivery times lengthened. Looking ahead, constructors remained downbeat, citing weak new orders, high costs, squeezed incomes and Middle East war risks.
2026-09-04
German Construction Downturn Deepens
The S&P Global Germany Construction PMI fell to 42.1 in July 2026 from 44.8 in June, signaling a sharper contraction in construction activity and the weakest reading in three months. The index remained below the 50 threshold for the seventh consecutive month, highlighting the sector's prolonged downturn. Housing remained the weakest-performing segment, with activity falling at the fastest pace in three months, while commercial building activity also declined at a faster pace. By contrast, civil engineering returned to growth for the first time in three months. New orders continued to fall as high prices and delayed customer decision-making weighed on demand. Employment declined for a sixth consecutive month, while purchasing activity also weakened. Meanwhile, input cost inflation eased to a five-month low and supplier delivery delays moderated for a second straight month. Business confidence remained negative and edged lower.
2026-08-06