Germany Manufacturing PMI2008-2021 Data | 2022-2023 Forecast | Calendar

The IHS Markit Germany Manufacturing PMI was revised higher to 64.4 in May of 2021 from a preliminary of 64 but remained lower than 66.2 in April. Still, the reading pointed to a strong growth in factory activity, although it was constrained by worsening supply-chain disruption. Reports of delays in the receipt of inputs reached a new record high, with bottlenecks in turn pushing up the rate of cost inflation well beyond anything seen before in the series history. Still, goods producers remained strongly optimistic about the outlook, and continued to up the rate of job creation in order to expand capacity and in anticipation of growth over the next 12 months.

The IHS Markit Germany Manufacturing PMI fell to 64 in May of 2021 from 66.2 in April and below forecasts of 65.9, flash estimates showed. Still, the reading pointed to a strong growth in factory activity although record supply delays caused disruption to production at an increasing number of businesses. Output eased further from the record high at the end of the first quarter. While the number of firms reporting improved output levels remained elevated by historical standards, there was a growing incidence of companies attributing lower output to supply disruption and associated downtime at customers. Growth of new orders and export orders remained strong but eased to the slowest for three months. Supply shortages in turn drove a record surge in manufacturing purchase prices which in turn also led to a record rise in output prices. Employment continued to rise and business confidence remained at its highest since the series began in July 2012.

The IHS Markit/BME Germany Manufacturing PMI was revised lower to 66.2 in April of 2021 from a preliminary of 66.4 and down from a record high of 66.6 in March. Still, Germany's manufacturing sector continued to enjoy a historically strong rate of growth in April. Expansions in output and new orders eased but remained close to the record highs seen in March, while growing pressure on capacity and strong business confidence fuelled an acceleration in job creation. Severe supply-side disruption remained a hindrance to the sector's performance, however, weighing on output and contributing to rises in both input cost and output price inflation, the latter to a new record high. Finally, business expectations rose to above the previous record high set in February.

The IHS Markit Germany Manufacturing PMI edged down to 66.4 in April of 2021 from a record high of 66.6 in March, preliminary estimates showed. Still, figures beat market forecasts of 65.8, pointing to a strong growth in factory activity although there were supply issues holding back production. Manufacturers continued to report strong growth in order book volumes, albeit with the rate of increase easing slightly from March’s record high due in part to a slower rise in new export orders. Backlogs grew at a record pace as goods producers struggled to keep pace with demand. Also, employment rose the most since August of 2018 and input cost inflation was the highest since February of 2011 due to shortages of inputs and a lack of available freight capacity. Finally, business expectations ticked up and were close to February’s recent peak.