The IHS Markit/BME Germany Manufacturing PMI was revised slightly lower to 57.4 in November of 2021 from a preliminary of 57.6, down from 57.8 in October, pointing to the slowest growth in factory activity since in 10 months. Ongoing supply bottlenecks and associated input shortages held back growth in manufacturing activity for the fourth month running, while also contributing to record rises in prices. New orders were also affected but to a lesser extent, leading to a further increase in backlogs of work, and even rose at a slightly faster rate than in October. The rate of job creation was solid but softened to a nine-month low, with some panellists reporting difficulty filling vacancies. On a brighter note, expectations towards future output improved for the first time in five months. source: Markit Economics
Manufacturing PMI in Germany averaged 52.12 points from 2008 until 2021, reaching an all time high of 66.60 points in March of 2021 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 December of 2021.
Manufacturing PMI in Germany is expected to be 55.00 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 54.80 points in 2022 and 54.00 points in 2023, according to our econometric models.