The IHS Markit/BME Germany Manufacturing PMI was revised slightly higher to 60.7 in February of 2021 from a preliminary reading of 60.6 and compared to 57.1 in January. It remains the highest reading since January of 2018 amid robust demand from abroad. Order book growth reaccelerated to the quickest since last October due to higher demand from Asia, especially China, the US and across Europe, with export sales rising to the greatest extent since December 2017. Production levels were ramped up accordingly, increasing at the fastest rate for three months and led by particularly sharp growth in the capital goods category. Even so, latest data showed a further marked rise in backlogs of work in February. Less positively, however, there was a further deterioration in supply-side conditions, with reports of delivery delays hitting a record high and costs rising sharply. Nevertheless, manufacturers remained strongly optimistic about the year-ahead outlook for production. source: Markit Economics
Manufacturing PMI in Germany averaged 51.52 points from 2008 until 2021, reaching an all time high of 63.30 points in December of 2017 and a record low of 32 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. Germany Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Manufacturing 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. Looking forward, we estimate Manufacturing PMI in Germany to stand at 52.00 in 12 months time. In the long-term, the Germany Manufacturing PMI is projected to trend around 54.00 points in 2022, according to our econometric models.