The S&P Global Germany Manufacturing PMI was confirmed at 54.2 in October 2026, the second-highest for almost four-and-a-half years, just behind August's recent peak, and compared to 53.9 in September. The reading pointed to sustained solid growth in production levels, supported by rising export sales. Factory employment meanwhile came even closer to stabilising, registering its smallest fall in over three years, amid further signs of capacity pressures building. However, coinciding with a jump in the rate of input price inflation to the highest since May and a worsening of supply delays, the latest data showed a reduction in manufacturers' expectations for output growth in the coming year and a build-up of buffer stocks of inputs. source: S&P Global

Manufacturing PMI in Germany increased to 54.20 points in October from 53.90 points in September of 2026. Manufacturing PMI in Germany averaged 50.92 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 increased to 54.20 points in October from 53.90 points in September of 2026. Manufacturing PMI in Germany is expected to be 52.50 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
Germany Manufacturing PMI Unrevised in October
The S&P Global Germany Manufacturing PMI was confirmed at 54.2 in October 2026, the second-highest for almost four-and-a-half years, just behind August's recent peak, and compared to 53.9 in September. The reading pointed to sustained solid growth in production levels, supported by rising export sales. Factory employment meanwhile came even closer to stabilising, registering its smallest fall in over three years, amid further signs of capacity pressures building. However, coinciding with a jump in the rate of input price inflation to the highest since May and a worsening of supply delays, the latest data showed a reduction in manufacturers' expectations for output growth in the coming year and a build-up of buffer stocks of inputs.
2026-11-02
Germany Manufacturing Sector Growth Beats Forecasts
Germany’s Manufacturing PMI rose to 54.2 in October 2026 from 53.9 in September, exceeding market expectations of 53.5, preliminary estimates showed. This marked a two-month high and signalled a continued improvement in manufacturing business conditions. However, manufacturing output growth eased, with the output index falling to 55.1 from 56.0, its lowest level in three months. Order books continued to expand, albeit at a slower pace, supported by sustained growth in export sales, while manufacturing backlogs recorded another robust rise. Meanwhile, employment edged closer to stabilisation, with job losses slowing to their weakest pace in over three years. On the price front, input-cost inflation accelerated for a second consecutive month to its highest level since May, driven by higher oil prices and rising raw material and component costs. Looking ahead, manufacturers’ business confidence weakened to its lowest level since July amid growing concerns over rising input prices.
2026-10-23
Germany Manufacturing PMI Revised Slightly Up
The S&P Global Germany Manufacturing PMI was revised slightly higher to 53.9 in September 2026 from a preliminary of 53.8, pointing to a slowdown from 54.3 in August which was the highest since May 2022. Still, the data showed sustained strong growth in both production levels and new orders. Also, goods producers were increasingly optimistic about the upturn continuing in the coming year, with expectations recovering to their highest since February. This was despite manufacturers facing not only a revival in inflationary pressures linked to increased energy prices, but also continued widespread supply delays. Meanwhile, there were signs of growing pressure on operating capacity at factories, as underlined by a marked and accelerated increase in backlogged orders, the steepest since April 2022. Accordingly, firms showed greater restraint on the job cutting front, with employment falling only marginally and at the slowest rate for three years in September.
2026-10-01