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Main Indicator: Manufacturing PMI
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 50.9 | 52.0 | 52.6 | N/A | ||
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Advance Estimate for July Activity in the manufacturing sector in Germany took a step back in July, falling from 52.6 to 50.9, below expectations. The number is still above the 50 level seperating expansion from contraction, but indicates growing concern that the Euro-zone is slowing. Activity in the services sector picked up, a trend not seen in the rest of the Euro-area. |
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Table of Past Data
| 11/2 | 12/3 | 1/2 | 2/1 | 3/3 | 3/20 | 4/23 | 5/23 | 6/23 | 7/24 | ||
| Actual | 51.7 | 53.7 | 53.6 | 54.4 | 54.3 | 54.9 | 53.6 | 53.5 | 52.3 | 50.9 | |
| Forecast | 53.5 | 52.8 | 53.7 | 53.6 | 54.0 | 54.0 | 54.8 | 53.3 | 53.2 | 52.0 | |
| Previous | 54.9 | 51.7 | 53.7 | 53.6 | 54.4 | 54.3 | 55.1 | 53.6 | 53.6 | 52.6 | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Past Releases
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Actual | Forecast | Previous | Revised Form | |
| 52.3 | 53.2 | 53.6 | N/A | ||
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Advance Estimate for June
The Manufacturing sector saw growth slowing in June according to advanced estimates. Expectations were for a lesser deceleration to 53.2, but the strong euro may have had effects reducing German products competitiveness in the global markets. |
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Actual | Forecast | Previous | Revised Form | |
| 53.5 | 53.3 | 53.6 | N/A | ||
| Preliminary Releaes for May | |||||
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Actual | Forecast | Previous | Revised Form | |
| 53.6 | 54.8 | 55.1 | N/A | ||
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Preliminary Release for April Growth in German manufacturing sector declined more than expected, but was countered by an unexpected increase in the services sector. A stronger euro and cooling demand from foreign and domestic sources, and continuing tight credit conditions may weaken the manufacturing sector further in the months to come. |
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Actual | Forecast | Previous | Revised Form | |
| 54.9 | 54.0 | 54.3 | N/A | ||
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Preliminary Release for March
German manufacturing and services sectors surprised economists who were expecting the index to fall. A deceleration in growth was anticipated because of the rising oil prices and the appreciated euro. The German economy however, stands as one of the the stronger nations in the euro zone as the manufacturing for the entire region slowed, according to the preliminary release for March figures. |
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Actual | Forecast | Previous | Revised Form | |
| 54.3 | 54.0 | 54.4 | N/A | ||
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For February
German, and Euro-zone PMIs continue to show growth. This has been a welcome indicator that European economies are resilient so far against the slowdown in the US. |
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Actual | Forecast | Previous | Revised Form | |
| 54.4 | 53.6 | 53.6 | N/A | ||
| For January | |||||
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Actual | Forecast | Previous | Revised Form | |
| 53.6 | 53.7 | 53.7 | N/A | ||
| For December | |||||
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Actual | Forecast | Previous | Revised Form | |
| 53.7 | 52.8 | 51.7 | N/A | ||
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For November. German manufacturing activity increased more than expected in November. |
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Actual | Forecast | Previous | Revised Form | |
| 51.7 | 53.5 | 54.9 | N/A |