The IHS Markit Germany Manufacturing PMI fell to 58.2 in October of 2021 from 58.4 in September, but beating market forecasts of 56.5, preliminary estimates showed. The reading pointed to the slowest growth in factory activity since January, although it remained a strong one by historical standards. Production volumes continued to be held back by input shortages and an associated decline in demand from the automotive sector, with the Manufacturing Output Index dropping to a 16-month low of 51.1. At the same time, manufacturing new orders posted the smallest increase in the current 16-month sequence of expansion while cost burdens continued to rise faster, mainly due to metals, plastics and energy. Finally, business confidence was the lowest since July last year. source: Markit Economics
Manufacturing PMI in Germany averaged 52.09 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 October 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.