The IHS Markit Eurozone Manufacturing PMI dropped to 51.4 in December 2018 from 51.8 in the previous month, in line with market expectations and a preliminary estimate. The reading pointed to the slowest expansion in factory activity since February 2016, as new work declined for the third consecutive month, the greatest rate in over four years amid ongoing challenges in the auto sector and wider political and economic instabilities. Also, backlogs of work decreased for the fourth straight month and to the steepest rate since November of 2014. Meantime, output growth advanced slightly, job creation was sustained, remaining almost unchanged from November’s 26-month low. On the price front, input price inflation went down to a 17-month low, mostly due to lower cost of oil-based products and output price inflation slowed. Finally, confidence was at the lowest level since the end of 2018, amid worries over global trade, ongoing political uncertainties and tightening financial conditions. Manufacturing PMI in the Euro Area is reported by Markit Economics.

Manufacturing PMI in Euro Area is expected to be 51.40 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Euro Area to stand at 54.50 in 12 months time. In the long-term, the Euro Area Manufacturing PMI is projected to trend around 53.10 in 2020, according to our econometric models.

Euro Area Manufacturing PMI
Forecast Data Chart
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.82 1.04 1.62 -3.28 Index Points [+]
Manufacturing PMI 51.40 51.80 60.60 33.50 [+]
Services PMI 51.20 53.40 58.30 39.20 Index Points [+]
Composite Pmi 51.10 52.70 58.80 45.70 Index Points [+]
Industrial Production -3.30 1.20 9.60 -21.30 percent [+]
Industrial Production Mom -1.70 0.10 3.30 -3.90 percent [+]
Manufacturing Production -3.10 1.50 10.00 -21.80 percent [+]
Capacity Utilization 83.90 84.10 85.30 69.60 percent [+]
Changes In Inventories 24.92 14.80 25.09 -27.31 EUR Billion [+]
Zew Economic Sentiment Index -21.00 -22.00 89.90 -63.70 [+]
Car Registrations 862.12 806.26 1169.19 669.00 Thousand [+]
Mining Production -8.20 -5.40 42.30 -27.80 percent [+]

Euro Area Manufacturing PMI

In the Euro Area, the Markit Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of 3,000 manufacturing firms. National data are included for Germany, France, Italy, Spain, the Netherlands, Austria, the Republic of Ireland and Greece. These countries together account for an estimated 90% of Eurozone manufacturing activity. 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 - Euro Area Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.40 51.80 60.60 33.50 2007 - 2018 Monthly

Country Last Previous
Australia 49.50 Dec/18
Brazil 52.60 Dec/18
Canada 53.60 Dec/18
China 49.70 Dec/18
Euro Area 51.40 Dec/18
France 49.70 Dec/18
Germany 51.50 Dec/18
India 53.20 Dec/18
Indonesia 51.20 Dec/18
Italy 49.20 Dec/18
Japan 52.60 Dec/18
Mexico 49.70 Dec/18
Netherlands 57.20 Dec/18
Russia 51.70 Dec/18
Saudi Arabia 54.50 Dec/18
Singapore 51.10 Dec/18
South Africa 50.70 Dec/18
South Korea 49.80 Dec/18
Spain 51.10 Dec/18
Switzerland 57.80 Dec/18
Turkey 44.20 Dec/18
United Kingdom 54.20 Dec/18
United States 53.80 Dec/18