The S&P Global Germany Manufacturing PMI was revised sharply higher to 52.2 in March 2026 from a preliminary of 51.7 and compared to 50.9 in February. The reading pointed to the strongest growth in the manufacturing sector since May 2022, with output and new orders both seeing stronger rates of growth, amid a boost to demand from customers looking to mitigate disruption from the conflict in the Middle East. also, there was a marked deterioration in supplier performance largely reflecting supply disruption stemming from war, which notably included delays to freight from Asia. The extent to which lead times lengthened was the greatest seen since July 2022. Meanwhile, German manufacturers also faced a surge in cost pressures with input price inflation jumping to its highest since October 2022 due to energy and factory gate prices also accelerated. In addition, there were supply chain delays and business expectations retreated sharply to four-month lows. source: S&P Global

Manufacturing PMI in Germany increased to 52.20 points in March from 50.90 points in February of 2026. Manufacturing PMI in Germany averaged 50.87 points from 2008 until 2026, reaching an all time high of 66.60 points in March of 2021 and a record low of 32.00 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.

Manufacturing PMI in Germany increased to 52.20 points in March from 50.90 points in February of 2026. Manufacturing PMI in Germany is expected to be 52.50 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 51.50 points in 2027 and 52.30 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 2037.00 1794.00 Companies Dec 2025
Ifo Business Climate 86.40 88.40 points Mar 2026
Capacity Utilization 77.40 77.70 percent Mar 2026
Car Production 358600.00 305900.00 Units Feb 2026
Car Registrations 211262.00 193981.00 Units Feb 2026
Changes in Inventories 21.01 20.55 EUR Billion Dec 2025
Composite Leading Indicator 101.59 101.40 points Feb 2026
Corporate Profits 210.63 207.12 EUR Billion Dec 2025
Corruption Index 77.00 75.00 Points Dec 2025
Corruption Rank 10.00 15.00 Dec 2025
Electricity Price 88.32 88.32 EUR/MWh Apr 2026
Factory Orders MoM -11.10 6.40 percent Jan 2026
Ifo Current Conditions 86.70 86.70 points Mar 2026
Ifo Expectations 86.00 90.20 points Mar 2026
Industrial Production -1.20 0.40 percent Jan 2026
Industrial Production MoM -0.50 -1.00 percent Jan 2026
Manufacturing Production -2.70 0.90 percent Jan 2026
Mining Production -7.30 2.00 percent Jan 2026
Natural Gas Stocks Capacity 248.99 244.54 TWh Apr 2026
Natural Gas Stocks Injection 31.97 36.25 GWh/d Apr 2026
Natural Gas Stocks Inventory 54.54 54.45 TWh Apr 2026
Natural Gas Stocks Withdrawal 601.80 449.40 GWh/d Apr 2026
New Orders 87.60 98.50 points Jan 2026
New Car Registrations YoY 3.80 -6.60 percent Feb 2026
Steel Production 2800.00 3100.00 Thousand Tonnes Feb 2026
ZEW Current Conditions -62.90 -65.90 points Mar 2026
ZEW Economic Sentiment Index -0.50 58.30 points Mar 2026


Germany Manufacturing PMI
The S&P Global Germany Manufacturing PMI is compiled by S&P Global from responses to monthly questionnaires sent to purchasing managers in a panel of around 420 manufacturers. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Germany Manufacturing PMI Revised Higher
The S&P Global Germany Manufacturing PMI was revised sharply higher to 52.2 in March 2026 from a preliminary of 51.7 and compared to 50.9 in February. The reading pointed to the strongest growth in the manufacturing sector since May 2022, with output and new orders both seeing stronger rates of growth, amid a boost to demand from customers looking to mitigate disruption from the conflict in the Middle East. also, there was a marked deterioration in supplier performance largely reflecting supply disruption stemming from war, which notably included delays to freight from Asia. The extent to which lead times lengthened was the greatest seen since July 2022. Meanwhile, German manufacturers also faced a surge in cost pressures with input price inflation jumping to its highest since October 2022 due to energy and factory gate prices also accelerated. In addition, there were supply chain delays and business expectations retreated sharply to four-month lows.
2026-04-01
German Manufacturing PMI Hits Highest Level Since 2022
Germany's S&P Global Manufacturing PMI climbed to 51.7 in March 2026, up from 50.9 in February and exceeding market expectations of 49.5, according to preliminary data. This marks the strongest expansion in Germany’s manufacturing sector since June 2022, driven by the fastest growth in production since February 2022 and the quickest rise in new orders in four years. Firms reported that the Middle East conflict spurred demand, with customers seeking to avoid supply disruptions and build up inventories. However, supply chain pressures intensified, with lead times lengthening for a seventh consecutive month, the most since July 2022. Input cost inflation surged to its highest since October 2022, fueled by rising energy, fuel, transportation, wages, and raw material costs, while output price inflation hit a three-year peak. Despite the current growth, business sentiment weakened due to ongoing concerns about the war’s impact on the economy.
2026-03-24
Germany Manufacturing PMI Revised Up in Febuary
The HCOB Germany Manufacturing PMI was revised slightly up to 50.9 in February 2026 from a preliminary of 50.7, compared to 49.1 in January. The PMI climbed into growth territory for first time in over three-and-a-half years, driven in large part by stronger increases in both output and new orders and slower decreases in employment and stocks of purchases. There was also an increase in cost pressures, with input price inflation hitting its strongest in over three years. Factory gate charges rose for the first time four months, albeit only modestly. Meanwhile, business expectations reached their highest since February 2022. “A lot of that confidence likely comes from government infrastructure stimulus and the big jump in defence spending. We expect domestic demand to be the main driver of manufacturing growth this year”, Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said.
2026-03-02