The S&P Global Germany Construction PMI fell sharply to 45.4 in May of 2022 from 46.0 in April, pointing to the second consecutive contraction in the construction sector since last August. There were decreases in activity across all three broad construction categories, with firms noting that persistent supply-chain bottlenecks and a declining intake of new work dampened activity. At the same time, another sharp rise in the cost of building materials and higher interest rates were both headwinds to demand. Meanwhile, input costs continued to increase to levels not seen since last year’s survey-record highs, while back-to-back decreases were recorded in employment. Finally, business expectations were at their lowest since the initial COVID shutdowns in the spring of 2020, weighed down by concerns over acute price pressures, material shortages, and greater client caution due to the uncertain economic environment. source: Markit Economics
Construction PMI in Germany averaged 50.79 points from 2013 until 2022, reaching an all time high of 59.80 points in January of 2018 and a record low of 31.90 points in April of 2020. This page provides - Germany Construction Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Germany Construction PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Construction PMI in Germany is expected to be 46.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Construction PMI is projected to trend around 54.40 points in 2023 and 54.10 points in 2024, according to our econometric models.