Markit Germany Construction Purchasing Managers Index (PMI)

Country:
Germany
EUR, Euro
Source:
Sector:
Business
Medium 47.5
41.0
Last release Importance Actual Forecast
Previous
47.5
Next release Actual Forecast
Previous
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Germany's Construction PMI (Purchasing Manager Index) is compiled and published by IHS Markit. The indicator shows the activity level of the country's construction sector purchasing managers.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities. Thus, they are among the first to see when conditions change for better or for worse. The sample for the survey is chosen so as to cover the maximum possible number of large companies across the country.

PMI calculation is based on data collected from monthly replies to questionnaires sent to purchasing executives in over 150 German construction companies that provide the highest contribution to GDP. Managers are asked to characterize current business and economic conditions in the national construction sector. The questionnaire covers the following economic variables:

  • General business activity
  • House construction activity
  • Commercial construction activity
  • Civil engineering activity
  • New orders
  • Employment
  • Quantity of purchases
  • Suppliers' delivery times
  • Input prices
  • Work with sub-contractors (activity, availability, rates, quality)
  • Near-term future output

Survey participants provide relative estimates, that is, if the data is up, or if the data is down or if the data remains the same. The index is seasonally adjusted. Individual weights are given to polled companies. Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

PMI is one of the most popular indexes closely watched by analysts. It provides operational information covering the entire construction sector. It is interpreted as a leading indicator of construction sector activity and inflation. Construction PMI growth is an indication of favorable market conditions and can be seen as positive for the euro quotes.

Last values:

actual data

The chart of the entire available history of the "Markit Germany Construction Purchasing Managers Index (PMI)" macroeconomic indicator.

Date (GMT)
Reference
Actual
Forecast
Previous
Mar 2021
47.5
41.0
Feb 2021
41.0
46.6
Jan 2021
46.6
47.1
Dec 2020
47.1
45.6
Nov 2020
45.6
45.2
Oct 2020
45.2
45.5
Sep 2020
45.5
48.0
Aug 2020
48.0
47.1
Jul 2020
47.1
41.3
Jun 2020
41.3

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