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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Manufacturing PMI climbed to 50.9 in February 2026
FMPMonthlyReleased March 2026
Germany Manufacturing PMI climbed to 50.9 in February 2026, released March 2026, up 1.8 from January's 49.1 reading. The reading matched the 50.7 consensus. Manufacturing PMI has now risen for 4 consecutive months. Over the past 3 months, Manufacturing PMI averaged 48.63, vs 48.97 in the prior 3-month window. Manufacturing PMI is now the highest in 13 months.
Latest Release
50.9
Actual
50.7
Consensus
49.1
Previous
Median Absolute Error
±0.6
across last 12 releases
Last Call
Mar 2026
Predicted: 50.69
Actual: 50.9
Error: -0.21
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.44 | INDEX | Bearish S&P 500 | → View |
| EUR/JPY | ▲ Direct | +0.34 | FOREX | Bullish EUR | → View |
| FTSE 100 | ▼ Inverse | −0.26 | INDEX | Bearish FTSE 100 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Manufacturing PMI (Germany) was reported at 50.90 in March 2026. This beat the market consensus of 50.70 by 0.20. The reading rose from the previous value of 49.10. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 49.14, ranging from 47.00 to 50.90 across 16 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 50.23, up from the prior three at 47.63. Volatility over the past year (σ 0.99) is lower than the prior year (σ 1.24). In March readings over the past 3 years, Manufacturing PMI has averaged 48.57.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with EUR/JPY, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.60.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Wholesale Prices MoM (Jun 15) and Wholesale Prices YoY (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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Manufacturing PMI - DE
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About Manufacturing PMI — Germany
DEFINITION
Manufacturing PMI (Purchasing Managers' Index) is a key economic indicator that measures the health of the manufacturing sector in a country. It is based on a monthly survey of purchasing managers from various industries, providing valuable insights into production levels, new orders, employment, and supplier deliveries. A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 suggests contraction. This widely followed indicator is used by investors, businesses, and policymakers to assess the overall economic performance and make informed decisions.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2026): actual 50.9, consensus 50.7. Prior reading (Feb 2026): 50.7. Before that (Jan 2026): 49.1.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.44) — a useful reference for index-focused traders.