The S&P Global Flash Germany Manufacturing PMI slipped to 50 in June 2026 from 50.1 in May, falling short of expectations of 50.5. This marked a five-month low, indicating that factory activity has largely stalled despite a marginal acceleration in output growth. New orders in manufacturing edged slightly higher, with a similar uptick recorded in new export business. However, overall momentum remained weak. Meanwhile, cost inflation eased but stayed elevated by historical standards. Manufacturer expectations improved for a second consecutive month, though sentiment remained subdued overall. source: S&P Global

Manufacturing PMI in Germany decreased to 50 points in June from 50.10 points in May of 2026. Manufacturing PMI in Germany averaged 50.87 points from 2008 until 2026, 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.

Manufacturing PMI in Germany decreased to 50 points in June from 50.10 points in May of 2026. Manufacturing PMI in Germany is expected to be 50.00 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 51.50 points in 2027 and 52.30 points in 2028, according to our econometric models.



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Germany Manufacturing PMI
The S&P Global Germany Manufacturing PMI is compiled by S&P Global from responses to monthly questionnaires sent to purchasing managers in a panel of around 420 manufacturers. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
German Manufacturing Sector Weakens
The S&P Global Flash Germany Manufacturing PMI slipped to 50 in June 2026 from 50.1 in May, falling short of expectations of 50.5. This marked a five-month low, indicating that factory activity has largely stalled despite a marginal acceleration in output growth. New orders in manufacturing edged slightly higher, with a similar uptick recorded in new export business. However, overall momentum remained weak. Meanwhile, cost inflation eased but stayed elevated by historical standards. Manufacturer expectations improved for a second consecutive month, though sentiment remained subdued overall.
2026-06-23
Germany Manufacturing PMI Revised Slightly Up
Germany’s S&P Global Manufacturing PMI was revised higher to 50.1 in May 2026 from a preliminary of 49.9, continuing to point to nearly stabilization in the manufacturing sector, as uncertainty and soaring costs associated with the war in the Middle East acted as headwinds to demand. It is also the lowest reading in four months, with goods producers recording a fall in new orders for the first time in 2026 so far, whilst also facing the biggest price increase since June 2022. Also, output growth softened for the second month running and job cuts deepened. Meanwhile, business expectations remained relatively muted, although they did improve slightly from April's recent low.
2026-06-01
German Manufacturing Sector Stalls in May
Germany’s S&P Global Manufacturing PMI fell to 49.9 in May 2026 from 51.4 in April, below market expectations of 51.0, preliminary data showed. The reading signals contraction in the manufacturing sector, its weakest performance in four months, as the Middle East war-related boost from stock-building and efforts to preempt price hikes and supply shortages fades. Factory output rose only fractionally, marking the weakest growth in the sequence that began at the start of the year, while new orders declined for the first time since December. Customer hesitancy, driven by economic and geopolitical uncertainty and reduced spending power from rising prices, weighed on demand. Employment fell at a faster pace amid an accelerated reduction in backlogs. Input cost inflation accelerated, with firms reporting higher expenses for commodities, energy, fuel, and transportation, exacerbated by supply shortages. Finally, business confidence edged higher but remained subdued.
2026-05-21