The HCOB Germany Construction PMI edged down to 41 in July 2023 from 41.4 in June, and pointing to the sixteenth straight month of falling construction activity and the biggest since February of 2021. The construction sector continued to faced challenges, as rising interest rates, still-high building costs and stagnating economy weighed on both demand and firms' expectations. Housing activity recorded its sharpest decline since February 2010 and work on commercial projects dropped at a faster pace. However, civil engineering activity experienced its slowest contraction in five months. Additionally, employment was reduced for the sixteenth consecutive month, as firms looked to pare back staffing capacity due to the decrease in demand. Input costs fell for the third month to the lowest since May 2009, but remained at historically high levels. source: Markit Economics

Construction PMI in Germany averaged 49.91 points from 2013 until 2023, reaching an all time high of 59.80 points in January of 2018 and a record low of 31.90 points in April of 2020. This page provides - Germany Construction Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Germany Construction PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Construction PMI in Germany is expected to be 42.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Construction PMI is projected to trend around 54.10 points in 2024 and 52.90 points in 2025, according to our econometric models.

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Germany Construction PMI



Related Last Previous Unit Reference
Construction PMI 41.00 41.40 points Jul 2023

Germany Construction PMI
The Germany Construction Purchasing Managers’ Index® is based on original survey data collected from a representative panel of over 200 companies based in the German construction sector. Data are collected at mid-month, asking respondents to compare a variety of construction conditions with the situation one month ago. A reading of below 50.0 indicates that the construction activity is generally declining, above 50.0 that it is generally expanding and exactly 50.0 indicates no change on the level recorded the previous month.
Actual Previous Highest Lowest Dates Unit Frequency
41.00 41.40 59.80 31.90 2013 - 2023 points Monthly
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News Stream
Germany Construction Sector Continues to Fall
The HCOB Germany Construction PMI edged down to 41 in July 2023 from 41.4 in June, and pointing to the sixteenth straight month of falling construction activity and the biggest since February of 2021. The construction sector continued to faced challenges, as rising interest rates, still-high building costs and stagnating economy weighed on both demand and firms' expectations. Housing activity recorded its sharpest decline since February 2010 and work on commercial projects dropped at a faster pace. However, civil engineering activity experienced its slowest contraction in five months. Additionally, employment was reduced for the sixteenth consecutive month, as firms looked to pare back staffing capacity due to the decrease in demand. Input costs fell for the third month to the lowest since May 2009, but remained at historically high levels.
2023-08-04
Germany Construction Sector Extends the Decline
The HCOB Germany Construction PMI fell to 41.4 in June of 2023, the lowest reading since February of 2021, signalling a noticeable acceleration in the rate of decline in building activity. Both activity and new orders contracted at a faster pace amid rising interest rates, customer uncertainty and wider inflationary pressures. Also, employment fell for a fifteenth straight month as firms adjusted to lower workloads and the prospect of a prolonged slowdown in demand. Purchasing activity fell the most for over three years and lower demand for building materials and products helped to alleviate the pressure on construction supply chains. Meanwhile, input costs fell the most in 14 years and business expectations were also lower. Housing activity was the worst-performing construction category, with activity falling the most since February 2010.
2023-07-06
Germany Construction Shrinks for 14th Month
The HCOB Germany Construction PMI increased to 43.9 in May of 2023 from 42 in April, but pointed to the 14th consecutive month of falls in the construction sector. Housing activity remains the biggest drag, and businesses in the sector were firmly in retrenchment mode, trimming workforce numbers and paring back purchases of building materials and products. On the supply side, there was a record improvement in supplier delivery times and a first decrease in construction input cost for nearly 14 years. Meanwhile, conditions are expected to remain difficult over the next 12 months, amid a backdrop of rising interest rates and customer uncertainty.
2023-06-06