Germany Construction PMI

Last Release

Mar 31, 2024

Actual

38.3

Units In

Points

39.1

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
59.8 Jan 2018	31.9 Apr 2020	49.18 Points	2013-2024	Markit Economics

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.

Latest Updates

The HCOB Germany Construction PMI fell to 38.3 in March 2024 from 39.1 in February, pointing to a further sharp decrease in construction activity. The main drag on total industry activity continued to come from the housing sector, where output levels fell sharply and at a slightly quicker rate than in February. Work on commercial projects also fell steeply, albeit at the slowest pace for five months and civil engineering activity showed renewed weakness. Meanwhile, new orders fell at a slower pace, but demand continued to be constrained by a combination of tight financial conditions, high prices and market uncertainty. By contrast, both employment and constructors' purchasing activity fell slightly more quickly while supplier performance improved. On the price front, average prices paid for building materials and products rose only marginally and at the slowest rate for four months. Building companies remained downbeat about the year-ahead outlook