Germany: Manufacturing PMI - Final

Macro

2026-09-01

Description

The German Manufacturing Purchasing Managers' Index (PMI) is compiled by IHS Markit based on monthly surveys of purchasing managers from approximately 420 German manufacturing companies. A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 indicates contraction. This index is crucial for assessing the overall economic health and forecasting future economic activity, and it influences the European Central Bank's (ECB) monetary policy as well as corporate and investment strategies.

The Manufacturing PMI is composed of five main sub-indices: New Orders (30%), Output (25%), Employment (20%), Suppliers' Delivery Times (15%), and Stocks of Materials Purchased (10%).

The index is typically published on the first working day of each month.

Published by
Markit (Choice)
Frequency
Monthly
Next Update

AI Data Insight

The final reading of Germany's Manufacturing PMI for August 2026 was reported at 54.3, not only beating market expectations but also surging significantly from the previous reading of 52.2, hitting a new high since May 2022. Benefiting from defense spending, data center construction, and precautionary stockpiling, both new orders and output expanded strongly. However, logistics bottlenecks caused by low water levels in the Rhine River remain a short-term risk to watch.

AI Data Insight

The final reading of Germany's Manufacturing PMI for August 2026 was reported at 54.3, not only beating market expectations but also surging significantly from the previous reading of 52.2, hitting a new high since May 2022. Benefiting from defense spending, data center construction, and precautionary stockpiling, both new orders and output expanded strongly. However, logistics bottlenecks caused by low water levels in the Rhine River remain a short-term risk to watch.

Description

The German Manufacturing Purchasing Managers' Index (PMI) is compiled by IHS Markit based on monthly surveys of purchasing managers from approximately 420 German manufacturing companies. A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 indicates contraction. This index is crucial for assessing the overall economic health and forecasting future economic activity, and it influences the European Central Bank's (ECB) monetary policy as well as corporate and investment strategies.

The Manufacturing PMI is composed of five main sub-indices: New Orders (30%), Output (25%), Employment (20%), Suppliers' Delivery Times (15%), and Stocks of Materials Purchased (10%).

The index is typically published on the first working day of each month.

Published by
Markit (Choice)
Frequency
Monthly
Next Update