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. source: Markit Economics
Manufacturing PMI in Germany averaged 51.78 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 June of 2021.
Manufacturing PMI in Germany is expected to be 62.00 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 54.00 in 12 months time. 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.