The IHS Markit Construction PMI for Germany increased to 47 in June of 2021 from 44.5 in May but still remained below 50 pointing to a sharp contraction in the construction sector. Supply bottlenecks continued to contribute to further declines in output and new orders, as firms struggled to source materials and demand was impacted by surging price pressures. Employment remained in decline, as did the availability of sub-contractors. With many of these brakes on output expected to continue, constructors maintained a negative outlook for future activity. source: Markit Economics
Construction PMI in Germany averaged 51.05 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 July of 2021.
Construction PMI in Germany is expected to be 53.20 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 54.00 in 12 months time. 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.