The IHS Markit Eurozone Manufacturing PMI fell to 52 in October of 2018, little-changed from a preliminary estimate of 52.1, below the previous month’s final 53.2 and missing market expectations of 52.1. The reading pointed to the weakest expansion in factory activity since August of 2016, as new work fell for the first time since November 2014 mainly due to the weakening global trade cycle and new export orders declined for the the first time since mid-2013. Also, output rose to the softest pace since December 2014 and job creation eased to the slowest since December 2016. On the price front, input price inflation accelerated boosted by higher cost of energy, food, fuel and metals while output prices slowed. Finally, business confidence dropped to the lowest level since the end of 2012, amid worries regarding the global trade protectionism measures, political uncertainties and possible higher tariffs. Manufacturing PMI in the Euro Area is reported by Markit Economics.

Manufacturing PMI in Euro Area is expected to be 55.90 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.

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Euro Area Manufacturing PMI
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 1.01 1.21 1.62 -3.27 Index Points [+]
Manufacturing PMI 52.00 53.20 60.60 33.50 [+]
Services PMI 53.70 54.70 58.30 39.20 Index Points [+]
Composite Pmi 53.10 54.10 58.80 45.70 Index Points [+]
Industrial Production 0.90 1.10 9.20 -21.40 percent [+]
Industrial Production Mom -0.30 1.10 3.20 -4.00 percent [+]
Manufacturing Production 1.20 1.50 10.10 -21.70 percent [+]
Capacity Utilization 83.90 84.10 85.30 69.60 percent [+]
Changes In Inventories 15.80 9.03 25.28 -27.57 EUR Billion [+]
Zew Economic Sentiment Index -22.00 -19.40 89.90 -63.70 [+]
Car Registrations 806.26 731.99 1169.19 669.00 Thousand [+]
Mining Production -18.70 -13.00 42.30 -26.80 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
52.00 53.20 60.60 33.50 2007 - 2018 Monthly

Country Last
Australia 58.30 Oct/18
Brazil 51.10 Oct/18
Canada 53.90 Oct/18
China 50.10 Oct/18
Euro Area 52.00 Oct/18
France 51.20 Oct/18
Germany 52.20 Oct/18
India 53.10 Oct/18
Indonesia 50.50 Oct/18
Italy 49.20 Oct/18
Japan 52.90 Oct/18
Mexico 50.70 Oct/18
Netherlands 57.10 Oct/18
Russia 51.30 Oct/18
Saudi Arabia 53.80 Oct/18
Singapore 51.90 Oct/18
South Africa 42.40 Oct/18
South Korea 51.00 Oct/18
Spain 51.80 Oct/18
Switzerland 57.40 Oct/18
Turkey 44.30 Oct/18
United Kingdom 51.10 Oct/18
United States 55.70 Oct/18