The IHS Markit Germany Construction PMI fell to 41 in February of 2021 from 46.6 in January, pointing to the biggest contraction in the construction sector since May, as
severe bad weather caused widespread disruption to work on sites. At the same time, building companies faced growing pressure on margins from rising input costs, stemming partly from bottlenecks in supply chains. The impact was seen across all broad categories of construction. Housing activity fell markedly, ending a seven-month sequence of growth. Work on commercial building projects meanwhile contracted at the quickest rate since last September. But the worst performance was seen in civil
engineering activity which contracted at one of the fastest rates on record. Looking ahead, constructors retained a negative outlook for activity over the next 12 months, citing concerns over squeezed client budgets. source: Markit Economics
Construction PMI in Germany averaged 51.25 points from 2013 until 2021, 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. Germany Construction PMI - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Construction PMI in Germany is expected to be 50.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction PMI in Germany to stand at 52.50 in 12 months time. In the long-term, the Germany Construction PMI is projected to trend around 53.60 points in 2022, according to our econometric models.