The HCOB Germany Manufacturing PMI was revised slightly higher to 41.9 in March 2024 from a preliminary of 41.6, compared to 42.5 in February. The reading continued to point to a strong deterioration in manufacturing conditions, the biggest in five months, amid faster falls in both employment and stocks of purchases, and a steep and accelerated improvement in supplier delivery times. Anecdotal evidence pointed to a diminishing impact of the Red Sea shipping disruption, alongside underutilised capacity among suppliers. On the other hand, there were slower decreases in both new orders and output. Meanwhile, the rate of decline in average purchasing costs remained sharp but eased for the fourth month to the weakest since March last year. By contrast, average factory gate charges fell at a faster rate, amid reports of strong competition for new work. Looking ahead, manufacturers expressed renewed optimism towards growth prospects in the next 12 months. source: S&P Global
Manufacturing PMI in Germany decreased to 41.90 points in March from 42.50 points in February of 2024. Manufacturing PMI in Germany averaged 51.40 points from 2008 until 2024, reaching an all time high of 66.60 points in March of 2021 and a record low of 32.00 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 April of 2024.
Manufacturing PMI in Germany decreased to 41.90 points in March from 42.50 points in February of 2024. Manufacturing PMI in Germany is expected to be 47.90 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 54.00 points in 2025 and 53.80 points in 2026, according to our econometric models.