The S&P Global Germany Manufacturing PMI was revised slightly higher to 53.9 in September 2026 from a preliminary of 53.8, pointing to a slowdown from 54.3 in August which was the highest since May 2022. Still, the data showed sustained strong growth in both production levels and new orders. Also, goods producers were increasingly optimistic about the upturn continuing in the coming year, with expectations recovering to their highest since February. This was despite manufacturers facing not only a revival in inflationary pressures linked to increased energy prices, but also continued widespread supply delays. Meanwhile, there were signs of growing pressure on operating capacity at factories, as underlined by a marked and accelerated increase in backlogged orders, the steepest since April 2022. Accordingly, firms showed greater restraint on the job cutting front, with employment falling only marginally and at the slowest rate for three years in September. source: S&P Global

Manufacturing PMI in Germany decreased to 53.90 points in September from 54.30 points in August of 2026. Manufacturing PMI in Germany averaged 50.90 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 53.90 points in September from 54.30 points in August of 2026. Manufacturing PMI in Germany is expected to be 51.50 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.



Related Last Previous Unit Reference
Bankruptcies 2266.00 1995.00 Companies Jun 2026
Ifo Business Climate 89.90 88.80 points Sep 2026
Capacity Utilization 77.90 78.20 percent Sep 2026
Car Production 392200.00 229900.00 Units Sep 2026
Car Registrations 212563.00 268068.00 Units Aug 2026
Changes in Inventories 15.88 11.74 EUR Billion Jun 2026
Composite Leading Indicator 100.99 100.86 points Aug 2026
Corporate Profits 237.38 227.26 EUR Billion Jun 2026
Corruption Index 77.00 75.00 Points Dec 2025
Corruption Rank 10.00 15.00 Dec 2025
Electricity Price 167.57 167.57 EUR/MWh Oct 2026
Factory Orders MoM -10.60 3.20 percent Aug 2026
Ifo Current Conditions 89.50 88.50 points Sep 2026
Ifo Expectations 90.40 89.00 points Sep 2026
Industrial Production -1.60 -0.50 percent Jul 2026
Industrial Production MoM -1.10 0.00 percent Jul 2026
Manufacturing Production -3.20 -0.80 percent Jul 2026
Mining Production -4.30 -6.60 percent Jul 2026
Natural Gas Stocks Capacity 247.36 247.36 TWh Oct 2026
Natural Gas Stocks Injection 809.09 827.49 GWh/d Oct 2026
Natural Gas Stocks Inventory 146.05 145.25 TWh Oct 2026
Natural Gas Stocks Withdrawal 19.00 10.60 GWh/d Oct 2026
New Orders 95.50 93.20 points Jul 2026
New Car Registrations YoY 2.60 1.20 percent Aug 2026
Steel Production 2600.00 2800.00 Thousand Tonnes Aug 2026
ZEW Current Conditions -47.10 -61.10 points Sep 2026
ZEW Economic Sentiment Index 34.70 34.20 points Sep 2026


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
The S&P Global Germany Manufacturing PMI was revised slightly higher to 53.9 in September 2026 from a preliminary of 53.8, pointing to a slowdown from 54.3 in August which was the highest since May 2022. Still, the data showed sustained strong growth in both production levels and new orders. Also, goods producers were increasingly optimistic about the upturn continuing in the coming year, with expectations recovering to their highest since February. This was despite manufacturers facing not only a revival in inflationary pressures linked to increased energy prices, but also continued widespread supply delays. Meanwhile, there were signs of growing pressure on operating capacity at factories, as underlined by a marked and accelerated increase in backlogged orders, the steepest since April 2022. Accordingly, firms showed greater restraint on the job cutting front, with employment falling only marginally and at the slowest rate for three years in September.
2026-10-01
Germany Manufacturing Growth Eases Slightly in September
The S&P Global Germany Manufacturing PMI fell to 53.8 in September 2026, down from a more than four-year high of 54.3 in August and slightly below market expectations of 54, according to a preliminary estimate. Nevertheless, the reading continued to signal a solid pace of expansion in the manufacturing sector. Manufacturers recorded another month of strong production growth, with the output index at 55.9, although the pace eased slightly from August’s 55-month high. This coincided with another robust increase in factory new orders. Meanwhile, employment moved closer to stabilisation, with payroll numbers recording their slowest decline since September 2023. On the price front, input-cost inflation remained elevated, driven in part by higher energy prices, while factory-gate price inflation eased to its lowest level in six months. Looking ahead, business sentiment improved.
2026-09-23
Germany Manufacturing PMI Revised Up
The S&P Global Germany Manufacturing PMI was revised slightly higher to 54.3 in August 2026 from a preliminary of 54.1, compared to 52.2 in July. The reading showed that factory growth improved for a third straight month, reaching its strongest level since May 2022, driven by a solid rise in new orders, particularly in the intermediate goods sector, as well as stronger export sales. There was a range of factors driving demand, including increased defence spending, data centre build-outs and stockpiling. Also, the mood among businesses improved noticeably and is now the brightest seen since the Middle East conflict began. However, there was also a worsening of supply chain pressures, which in turn contributed to a marked rise in purchasing activity as firms looked to secure supplies of inputs. Average prices paid for purchases meanwhile rose at the slowest rate since the start of the Middle East conflict, but one that was still elevated by historical standards.
2026-09-01