The S&P Global Flash Germany Manufacturing PMI fell to a 23-month low of 52 in June of 2022 from 54.8 in the prior month, missing market forecasts of 54, according to a preliminary estimate. Manufacturing output contracted for the second time in the past three months, as higher backlog work failed to offset the sharpest decline in new orders in two years. June data pointed to high levels of pre and post-production inventories held by manufacturers, as supply bottlenecks continued to bring higher stocks of material and components. In the meantime, costs inflation slightly eased compared to the previous month, although remaining at record-high levels. Business expectations were increasingly pessimistic in June due to concerns over rising prices, supply bottlenecks and heightened uncertainty. source: Markit Economics
Manufacturing PMI in Germany averaged 52.29 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 June of 2022.
Manufacturing PMI in Germany is expected to be 53.70 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.