The S&P Global Germany Manufacturing PMI was confirmed at 52.2 in July 2026, the highest in four months, compared to 50.3 in June, signalling an uptick in manufacturing performance. "Germany's manufacturing sector made an impressive start to the third quarter, with a notable improvement in export sales helping drive the strongest production growth in nearly four-and-a-half years. An easing of cost inflation to the weakest seen since the outbreak of the Middle East war, primarily linked to the drop in oil prices through June and into early July, was likely a supporting factor too", according to Phil Smith, Economics Associate Director at S&P Global Market Intelligence. However, business expectations remain subdued in the manufacturing sector, staying below the level seen prior to the outbreak of the conflict. Supply chain disruption remains an ongoing risk, with delays having worsened again in July due in part to the bottlenecks forming in the global electronics industry. source: S&P Global

Manufacturing PMI in Germany increased to 52.20 points in July from 50.30 points in June 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 increased to 52.20 points in July from 50.30 points in June of 2026. Manufacturing PMI in Germany is expected to be 52.00 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
Germany Manufacturing Sees Strong Start to Q3
The S&P Global Germany Manufacturing PMI was confirmed at 52.2 in July 2026, the highest in four months, compared to 50.3 in June, signalling an uptick in manufacturing performance. "Germany's manufacturing sector made an impressive start to the third quarter, with a notable improvement in export sales helping drive the strongest production growth in nearly four-and-a-half years. An easing of cost inflation to the weakest seen since the outbreak of the Middle East war, primarily linked to the drop in oil prices through June and into early July, was likely a supporting factor too", according to Phil Smith, Economics Associate Director at S&P Global Market Intelligence. However, business expectations remain subdued in the manufacturing sector, staying below the level seen prior to the outbreak of the conflict. Supply chain disruption remains an ongoing risk, with delays having worsened again in July due in part to the bottlenecks forming in the global electronics industry.
2026-08-03
German Manufacturing Growth Hits Four-Month High
Germany's S&P Global Manufacturing PMI rose to 52.2 in July 2026 from 50.3 in June, well above market expectations of 50.5, according to a preliminary estimate. The reading signaled the strongest expansion in the sector in four months, driven by a sharp increase in output, which grew at its fastest pace in nearly four-and-a-half years amid stronger order inflows, higher capacity utilization, and frontloading activity. New orders continued to improve, with export demand posting its strongest increase since February 2022. On the inflation front, input cost growth eased to a five-month low, while output price inflation also moderated. Business confidence strengthened during the month but remained below its historical average.
2026-07-24
Germany Factory Growth Revised Up: PMI
The S&P Global Germany Manufacturing PMI was revised higher to 50.3 in June 2026 from a preliminary of 50, pointing to small growth in factory activity, compared to 50.1 in the previous month. There was a modest rise in output that was supported by a slight uptick in demand, while goods producers were a little more optimistic about the outlook. In addition, reports of delays and cost pressures both eased from the recent highs but firms continued to face substantial disruption across supply chains and a steep rate of input price inflation, both principally linked to the fallout from the war in the Middle East. "On the whole, it was a slightly more positive set of results for the German manufacturing sector in June than we saw the month before", according to Phil Smith, Economics Associate Director at S&P Global Market Intelligence .
2026-07-01