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.

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Germany Construction PMI



Related Last Previous Unit Reference
Construction PMI 45.40 46.00 points May 2022

Germany Construction PMI
The Germany Construction Purchasing Managers’ Index® is based on original survey data collected from a representative panel of over 200 companies based in the German construction sector. Data are collected at mid-month, asking respondents to compare a variety of construction conditions with the situation one month ago. A reading of below 50.0 indicates that the construction activity is generally declining, above 50.0 that it is generally expanding and exactly 50.0 indicates no change on the level recorded the previous month.
Actual Previous Highest Lowest Dates Unit Frequency
45.40 46.00 59.80 31.90 2013 - 2022 points Monthly
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News Stream
Germany Construction PMI Slumps to Lowest Since August
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.
2022-06-07
Germany Construction Sector Contracts the Most in 8 Months
The S&P Global Germany Construction PMI fell sharply to 46 in April of 2022 from 50.9 in March, pointing to the first contraction in the construction sector in four months and the deepest in eight months, amid falling demand and severe supply-side pressures. There were decreases in activity across all three broad construction categories. Firms noted the steepest decline in new orders for two years and staffing levels fell the most for nearly two years. The situation was compounded by another sharp rise in the cost of building materials and products amid widespread shortages and surging commodity prices. 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 caution among clients owing to the uncertain economic environment.
2022-05-05
Germany Construction Activity Slows Sharply
The S&P Global Germany Construction PMI fell to 50.9 in March of 2022 from 54.9 in February, pointing to the lowest expansion in the construction sector in 3 months. There was a slowdown in activity growth and a decline in new orders amid elevated levels of uncertainty, fresh supply disruption and heightened inflationary pressures. The slowdown was led by the residential sector, which after recording strong growth in the prior two months (including a four-year high in January) registered a renewed contraction. Building companies also faced the steepest rise in input costs for seven months, alongside a record increase in subcontractor rates. The Ukraine war served to heighten constructors' concerns about supply, prices, and demand for investment, leading expectations to fall sharply to their lowest since May 2020.
2022-04-06