German manufacturing PMI climbed in January
Buz Investors German manufacturing PMI climbed The final Markit/BME Germany Manufacturing PMI was revised slightly down to 56.4 in January of 2017 from a preliminary of 56.5, but above 55.6 in December. Yet, it is the highest reading since January of 2014 amid strong output and new work, with capital goods producers as the best-performing in January. In addition, payrolls rose the most since August of 2011 and purchasing costs increased sharply. Manufacturing PMI in Germany averaged 51.10 from 2008 until 2017, reaching an all time high of 62.70 in February of 2011 and a record low of 32 in January of 2009.
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German manufacturing PMI climbed
The Markit/BME Germany Manufacturing Purchasing Managers‘ Index measures the performance of the manufacturing sector and is derived from a survey of 500 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. 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. Germany Manufacturing PMI – actual data, historical chart and calendar of releases – was last updated on February of 2017.
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