The S&P Global Eurozone Manufacturing PMI fell to 49.8 in July of 2022 from 52.1 in June, pointing to the first contraction in factory activity since June of 2020 but slightly above preliminary estimates of 49.6. Manufacturing output fell for a second month, with the rate of decline accelerating to the fastest since May 2020. Aside from the COVID-19 lockdown periods, the July drop in factory output has not been exceeded since December 2012. New orders for goods decreased for a third successive month, and the loss rate accelerated sharply to the steepest since May 2020. On the price front, input cost and output prices slowed to 17- and 15-month lows, respectively. Meanwhile, manufacturing expectations worsened to such an extent that more firms expected to cut output than increase production in the coming year, a situation not seen since the early days of the pandemic. source: Markit Economics

Manufacturing PMI in the Euro Area averaged 51.52 points from 2007 until 2022, reaching an all time high of 63.40 points in June of 2021 and a record low of 33.40 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Manufacturing PMI in Euro Area is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Manufacturing PMI is projected to trend around 54.00 points in 2023 and 53.40 points in 2024, according to our econometric models.

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Euro Area Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 51.20 53.00 points Jul 2022
Manufacturing PMI 49.80 52.10 points Jul 2022
Composite PMI 49.90 52.00 points Jul 2022

Euro Area Manufacturing PMI
In the Euro Area, the S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
49.80 52.10 63.40 33.40 2007 - 2022 points Monthly
SA

News Stream
Eurozone Manufacturing Activity Contracts for First Time Since June 2020
The S&P Global Eurozone Manufacturing PMI fell to 49.8 in July of 2022 from 52.1 in June, pointing to the first contraction in factory activity since June of 2020 but slightly above preliminary estimates of 49.6. Manufacturing output fell for a second month, with the rate of decline accelerating to the fastest since May 2020. Aside from the COVID-19 lockdown periods, the July drop in factory output has not been exceeded since December 2012. New orders for goods decreased for a third successive month, and the loss rate accelerated sharply to the steepest since May 2020. On the price front, input cost and output prices slowed to 17- and 15-month lows, respectively. Meanwhile, manufacturing expectations worsened to such an extent that more firms expected to cut output than increase production in the coming year, a situation not seen since the early days of the pandemic.
2022-08-01
Euro Area Factory Activity Shrinks for 1st Time in 26 Months
The S&P Global Eurozone Manufacturing PMI dropped to 49.6 in July of 2022 from 52.1 in the previous month and missing market expectations of 51, flash estimates showed. The latest reading pointed to the first contraction in factory activity since June 2020, as manufacturing output fell for a second successive month with the rate of decline accelerating to the fastest since May 2020. Barring COVID-19 lockdown periods, the July drop in factory output has not been exceeded since December 2012. New orders for goods decreased for third successive month and the rate of loss accelerated sharply to the steepest since May 2020. Looking ahead, manufacturing expectations worsened to such an extent that more firms expect to cut output than increase production in the coming year, a situation not seen since the early days of the pandemic.
2022-07-22
Euro Area Manufacturing PMI Down to 22-Month Low
The S&P Global Eurozone Manufacturing PMI fell to 52.1 in June of 2022 from 54.6 in May, pointing to the slowest growth in factory activity since August of 2020, and slightly above preliminary estimates of 52. Production levels fell for the first time in two years, new business intakes and export orders both declined and backlogs of work also fell for the first time in almost two years as companies focused on completing unfilled orders due to falling demand. Elsewhere, there were further tentative signs of supply chains edging closer to stability as input lead times lengthened to the least marked extent in a year-and-a-half. There was also a softening of inflationary pressures as both input costs and output prices rose at slower rates. Finally, business sentiment fell to its weakest level since May 2020 as concerns surrounding the global economic outlook and inflation weighed on growth expectations.
2022-07-01