The S&P Global Germany Construction PMI rose to 48.0 in March 2026 from 43.7 in February, signaling a slower contraction in total activity. Housing activity fell at its shallowest rate so far this year, while civil engineering expanded at an accelerated pace. Commercial construction remained the weakest segment, with only a slight easing in its decline. Employment and purchasing also dropped more slowly than in February. Meanwhile, new orders fell at the fastest pace since July 2025, reflecting softer demand and cost pressures linked to the Middle East conflict. Input price inflation jumped to a record monthly increase, the highest since October 2022, driven by higher energy, fuel, and transport costs. Supply chain delays worsened, with building material lead times at their longest in almost three-and-a-half years. Business expectations fell sharply, turning negative for the first time in 2026, as constructors cited rising costs and weaker demand as major concerns. source: S&P Global

Construction PMI in Germany increased to 48 points in March from 43.70 points in February of 2026. Construction PMI in Germany averaged 48.16 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 increased to 48 points in March from 43.70 points in February of 2026. Construction PMI in Germany is expected to be 51.00 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 51.90 points in 2027 and 52.60 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Building Permits 19031.00 16383.00 Units Feb 2026
Construction Orders -15.40 8.40 percent Jan 2026
Construction Output -2.50 -6.80 percent Feb 2026
Home Ownership Rate 47.20 47.20 percent Dec 2025
House Price Index YoY 1.50 1.50 percent Mar 2026
Housing Index 220.65 220.03 points Mar 2026
Price to Rent Ratio 129.89 129.72 Sep 2025
Residential Property Prices 3.26 3.12 Percent Sep 2025


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
German Construction Downturn Eases
The S&P Global Germany Construction PMI rose to 48.0 in March 2026 from 43.7 in February, signaling a slower contraction in total activity. Housing activity fell at its shallowest rate so far this year, while civil engineering expanded at an accelerated pace. Commercial construction remained the weakest segment, with only a slight easing in its decline. Employment and purchasing also dropped more slowly than in February. Meanwhile, new orders fell at the fastest pace since July 2025, reflecting softer demand and cost pressures linked to the Middle East conflict. Input price inflation jumped to a record monthly increase, the highest since October 2022, driven by higher energy, fuel, and transport costs. Supply chain delays worsened, with building material lead times at their longest in almost three-and-a-half years. Business expectations fell sharply, turning negative for the first time in 2026, as constructors cited rising costs and weaker demand as major concerns.
2026-04-08
German Construction Sector Contracts Again
The HCOB Germany Construction PMI fell to 43.7 in February 2026 from 44.7 in January, signaling a further contraction at the start of the year. Housing and commercial construction declined sharply, while civil engineering continued to expand for the fourth consecutive month, albeit at a slower pace than in December. New orders fell at the fastest rate in six months, reflecting weak demand and some disruption from severe winter conditions. Employment in the construction sector decreased, ending a three-month sequence of job creation, while purchasing activity dropped at the fastest pace in six months. Supplier delivery times lengthened to the greatest extent in three years, and input price inflation accelerated to a five-month high. Despite these challenges, business expectations for the next 12 months rose to the highest level since February 2020, supported by planned infrastructure projects and hopes of a milder winter.
2026-03-05
German Construction Slips Back into Contraction
The HCOB Germany Construction PMI fell to 44.7 in January 2026 from 50.3 in December, signaling a return to contraction after the first expansion in almost four years. The decline was driven by accelerated downturns in housing and commercial construction, while civil engineering activity continued to expand, rising in six of the past eight months, though slightly slower than December’s near 15-year high. New orders fell further, reflecting weak demand from housing, commercial projects, and local government. On a positive note, employment rose for the third consecutive month at the fastest pace since March 2022, and purchasing activity declined at the slowest rate in over three-and-a-half years. Input cost inflation reached a four-month high, alongside higher subcontractor charges. Despite ongoing challenges, business expectations turned positive for the first time since May 2025, marking the highest confidence since February 2020.
2026-02-05