Germany Manufacturing PMI

Last Release

Jul 31, 2024

Actual

43.2

Units In

Points

43.5

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
66.6 Mar 2021	32 Jan 2009	51.25 Points	2008-2024	Markit Economics

The Markit/BME Germany Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of 500 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Latest Updates

The HCOB Germany Manufacturing PMI was revised higher to 43 in October 2024 from a preliminary of 42.6 and compared to a twelve-month low of 40.6 in September. The reading showed that the German manufacturing sector remained firmly in contraction although rates of decline eased. Output, new orders, employment and stocks all fell more slowly than in September, while business expectations were slightly less pessimistic. On the other hand, there was an accelerated decline in output prices across the goods-producing sector, as firms commented on strong competition for new work and came under pressure to pass on the cost savings from lower input prices. "The mood in German industry remained glum in October. However, there are signs that an economic trough may have been reached. Although the headline PMI remained deep in recessionary territory in October, it showed a slight improvement from a very low level", Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank, said