Germany’s S&P Global Manufacturing PMI was revised higher to 50.1 in May 2026 from a preliminary of 49.9, continuing to point to nearly stabilization in the manufacturing sector, as uncertainty and soaring costs associated with the war in the Middle East acted as headwinds to demand. It is also the lowest reading in four months, with goods producers recording a fall in new orders for the first time in 2026 so far, whilst also facing the biggest price increase since June 2022. Also, output growth softened for the second month running and job cuts deepened. Meanwhile, business expectations remained relatively muted, although they did improve slightly from April's recent low. source: S&P Global

Manufacturing PMI in Germany decreased to 50.10 points in May from 51.40 points in April of 2026. Manufacturing PMI in Germany averaged 50.87 points from 2008 until 2026, reaching an all time high of 66.60 points in March of 2021 and a record low of 32.00 points in January of 2009. This page provides the latest reported value for - Germany Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Manufacturing PMI in Germany decreased to 50.10 points in May from 51.40 points in April of 2026. Manufacturing PMI in Germany is expected to be 49.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Manufacturing PMI is projected to trend around 51.50 points in 2027 and 52.30 points in 2028, according to our econometric models.



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Germany Manufacturing PMI
The S&P Global Germany Manufacturing PMI is compiled by S&P Global from responses to monthly questionnaires sent to purchasing managers in a panel of around 420 manufacturers. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. 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
Germany Manufacturing PMI Revised Slightly Up
Germany’s S&P Global Manufacturing PMI was revised higher to 50.1 in May 2026 from a preliminary of 49.9, continuing to point to nearly stabilization in the manufacturing sector, as uncertainty and soaring costs associated with the war in the Middle East acted as headwinds to demand. It is also the lowest reading in four months, with goods producers recording a fall in new orders for the first time in 2026 so far, whilst also facing the biggest price increase since June 2022. Also, output growth softened for the second month running and job cuts deepened. Meanwhile, business expectations remained relatively muted, although they did improve slightly from April's recent low.
2026-06-01
German Manufacturing Sector Stalls in May
Germany’s S&P Global Manufacturing PMI fell to 49.9 in May 2026 from 51.4 in April, below market expectations of 51.0, preliminary data showed. The reading signals contraction in the manufacturing sector, its weakest performance in four months, as the Middle East war-related boost from stock-building and efforts to preempt price hikes and supply shortages fades. Factory output rose only fractionally, marking the weakest growth in the sequence that began at the start of the year, while new orders declined for the first time since December. Customer hesitancy, driven by economic and geopolitical uncertainty and reduced spending power from rising prices, weighed on demand. Employment fell at a faster pace amid an accelerated reduction in backlogs. Input cost inflation accelerated, with firms reporting higher expenses for commodities, energy, fuel, and transportation, exacerbated by supply shortages. Finally, business confidence edged higher but remained subdued.
2026-05-21
Germany Factory Growth Revised Slightly Higher
The S&P Global Germany Manufacturing PMI was revised slightly higher to 51.4 in April 2026 from a preliminary of 51.2, compared to a 46-month high of 52.2 in March. Germany's manufacturing sector saw further growth in both output and new orders, as well as longer supplier delivery times. However, goods producers expected the fallout from the war in the Middle East to eventually lead to lower production in the coming months. The darkening business outlook reflected concerns about the impact of rising inflation, supply chain disruption and elevated uncertainty. April saw manufacturing input costs increase at the fastest rate in over three-and-a-half years, while reports of supply delays reached a level not seen since mid-2022.
2026-05-04