The S&P Global/ ME Germany Manufacturing PMI for Germany was revised slightly higher to 49.3 in July of 2022 from a preliminary of 49.2, but still pointed to the first contraction in factory activity since June of 2020. New orders shrank the most in over two years due to a reduction in investment spending, elevated prices, high stock levels at customers and continued to supply chain frictions. Factory production levels likewise showed a sustained decline, whilst goods producers pared back their purchasing activity for the first time since mid-2020 amid a rapid build-up of inventories and a deteriorating outlook. The fall in demand for inputs was reflected in an easing of supply chain pressures and a further softening of the rate of cost inflation while output inflation slowed to the lowest in 15 months. Employment levels continued to rise although at a slower pace. Meanwhile, business expectations were the lowest since May 2020. source: Markit Economics

Manufacturing PMI in Germany averaged 52.27 points from 2008 until 2022, 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 August of 2022.

Manufacturing PMI in Germany is expected to be 53.60 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 55.10 points in 2023 and 54.30 points in 2024, according to our econometric models.

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Germany Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 49.70 52.40 points Jul 2022
Manufacturing PMI 49.30 52.00 points Jul 2022
Composite PMI 48.10 51.30 points Jul 2022

Germany Manufacturing PMI
The Markit/BME Germany Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of 500 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
49.30 52.00 66.60 32.00 2008 - 2022 points Monthly
SA

News Stream
German Factory Activity Falls in July: PMI
The S&P Global/ ME Germany Manufacturing PMI for Germany was revised slightly higher to 49.3 in July of 2022 from a preliminary of 49.2, but still pointed to the first contraction in factory activity since June of 2020. New orders shrank the most in over two years due to a reduction in investment spending, elevated prices, high stock levels at customers and continued to supply chain frictions. Factory production levels likewise showed a sustained decline, whilst goods producers pared back their purchasing activity for the first time since mid-2020 amid a rapid build-up of inventories and a deteriorating outlook. The fall in demand for inputs was reflected in an easing of supply chain pressures and a further softening of the rate of cost inflation while output inflation slowed to the lowest in 15 months. Employment levels continued to rise although at a slower pace. Meanwhile, business expectations were the lowest since May 2020.
2022-08-01
German Factory Activity Shrinks for 1st Time in 25 Months
The S&P Global Germany Manufacturing PMI fell to 49.2 in July of 2022 from 52 in June, pointing to the first contraction in factory activity since June of 2020, and compared to market forecasts of 50.6, preliminary estimates showed. Output and new orders were the worst since May 2020, with a squeeze on client budget, widespread uncertainty related to the war in Ukraine, worries over energy security, and ongoing difficulties in the supply-chain continued to negatively impact on sales. Meanwhile, cost inflation remained elevated due to energy and commodities, a weaker euro as well as rising interest rates although the inflation slowed to the lowest in nearly a year-and-a-half. Finally, business confidence tumbled to the lowest since May of 2020.
2022-07-22
Germany Manufacturing PMI Confirmed at 1-1/2-Year Low
The S&P Global/BME Germany Manufacturing PMI fell to 52 in June of 2022 from 54.8 in May, pointing to the slowest growth in factory activity since July of 2020, and in line with preliminary estimates. New orders fell for a third month amid growing headwinds to demand, and output also declined amid persistent supply shortages although for others a fall in demand was the driving factor behind lower output. Meanwhile, input price inflation eased to 16-month low, a sign of the alleviation of some supply-chain pressures and factory gate charge inflation went down sharply to it slowest so far this year. At the same time, employment remained robust, reflecting long-running efforts to expand capacity. Finally, firms grew more pessimistic about the outlook, owing to concerns about a combination of high inflation, continued supply disruption and shrinking order books.
2022-07-01