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.

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Germany Construction PMI


Related Last Previous Unit Reference
Construction PMI 47.70 47.10 points Oct/21

News Stream
Germany Construction Sector Remains in Contraction
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.
2021-11-05
Germany Construction Shrinks for 19th Month
The IHS Markit Germany Construction PMI increased to 47.1 in September of 2021 from 44.6 in August, still pointing to a 19th straight month of falling construction activity. Supply bottlenecks, capacity constraints and strong price pressures continue to act as headwinds to activity and new orders. More positively, however, employment rose for the first time eight months, while the rate of input cost inflation retreated to a six-month low amid fewer reports of supply delays. Looking ahead, German constructors on balance maintained a slightly negative outlook for activity over the coming year. Many firms reported concerns that higher prices - linked to supply chain issues - would curb demand.
2021-10-06
Germany Construction PMI Drops to 3-Month Low
The IHS Markit Construction PMI for Germany fell to 44.6 in August of 2021 from 47.1 in the previous month. The pace of contraction in building activity was the sharpest in three months, amid lingering supply-chain issues and stronger price pressures. Output continued to shrink in the commercial, civil-engineering sectors, and for the first time in three months, also in housing. Likewise, new orders retreated faster too, while staffing levels eased down at the softest pace since March. Broad shortages of key materials remained the main factor behind historically high supply delays, although the rate of deterioration in supplier performance eased further from May’s record. On the price front, average prices rose sharply once again amid the current supply-demand imbalances. Finally, sentiment surrounding activity over the coming year neared the optimistic territory, driven by an uptick in expectations regarding the 12-month outlook.
2021-09-06

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.