The IHS Markit Germany Construction PMI edged up to 47.7 in October of 2021 from 47.1 in September, pointing to another contraction in the construction sector as the recent downturns in activity and new orders continued, linked in part by surveyed businesses to material shortages and acute price pressures. On a more positive note, however, work on commercial building projects returned to growth after a protracted decline, while employment also increased slightly. Meanwhile, average prices paid for building materials and products increased steeply again in October, with the rate of inflation among the quickest seen since data collection began in 1999. Concrete, insulation, steel and timber were the items most often reported as up in price. Looking ahead, German constructors were somewhat divided on the outlook for activity. source: Markit Economics
Construction PMI in Germany averaged 50.87 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 November of 2021.
Construction PMI in Germany is expected to be 52.50 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 54.50 points in 2022 and 53.60 points in 2023, according to our econometric models.