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.

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Germany Manufacturing PMI


Related Last Previous Unit Reference
Services PMI 53.40 52.40 points Nov/21
Manufacturing PMI 57.40 57.80 points Nov/21
Composite PMI 52.80 52.00 points Nov/21

News Stream
Germany Manufacturing PMI Revised Lower
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.
2021-12-01
Germany Factory Growth Lowest in 10 Months
The IHS Markit Germany Manufacturing PMI edged down to 57.6 in November of 2021 from 57.8 in October, pointing to the slowest growth in factory activity in 10 months, preliminary estimates showed. Still, figures topped market forecasts of 56.9. Supply delays continue to weigh on factory production although output growth was the strongest in 2 months amid improved client demand. At the same time, new orders remained among the weakest since the recovery began in 2020 and employment eased slightly. Meanwhile, price pressures remain strong amid supply delays, material shortages, rising energy bills and greater wage costs.
2021-11-23
Germany Manufacturing PMI Revised Lower
The IHS Markit/BME Germany Manufacturing PMI was revised slightly lower to 57.8 in October of 2021 from a preliminary of 58.2, still pointing to the slowest growth in factory activity since in 9 months. Supply bottlenecks remained a major hindrance to Germany's manufacturers at the start of the fourth quarter, and material shortages were a restraining factor for both output and new orders, while at the same time they underpinned a record increase in factory gate charges as firms looked to pass on sharply rising costs to customers. Trends in employment and expectations also disappointed in October. The rate of job creation slowed for a third straight month, while business optimism slipped to the lowest since August 2020.
2021-11-02

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.