The IHS Markit Eurozone Manufacturing PMI stood at 47.8 in April 2019, up from March's 47.5 and compared to market expectations of 47.9. Still, the latest reading was at its second-lowest level since April 2013 as output fell for a third month in a row and new orders were down for the seventh consecutive time. In addition, input buying decreased and employment growth remained close to stagnation. Looking ahead, business confidence fell to the weakest since 2012 amid concerns about rising political uncertainty, including Brexit, trade wars and protectionism. Manufacturing PMI in the Euro Area is reported by Markit Economics.

Manufacturing PMI in Euro Area is expected to be 51.50 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 52.00 in 12 months time. In the long-term, the Euro Area Manufacturing PMI is projected to trend around 54.50 in 2020, according to our econometric models.

Euro Area Manufacturing PMI
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.53 0.69 1.62 -3.29 Index Points [+]
Manufacturing PMI 47.80 47.50 60.60 33.50 [+]
Services PMI 52.50 53.30 58.30 39.20 Index Points [+]
Composite Pmi 51.30 51.60 58.80 45.70 Index Points [+]
Industrial Production -0.30 -0.70 9.70 -21.40 percent [+]
Industrial Production Mom -0.20 1.90 3.20 -3.90 percent [+]
Manufacturing Production -1.90 -4.00 10.00 -21.80 percent [+]
Capacity Utilization 83.60 83.90 85.30 69.60 percent [+]
Changes In Inventories 12.09 25.46 25.46 -27.24 EUR Billion [+]
Zew Economic Sentiment Index 4.50 -2.50 89.90 -63.70 [+]
Car Registrations 892.52 926.05 1169.19 669.00 Thousand [+]
Mining Production -5.60 -6.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
47.80 47.50 60.60 33.50 2007 - 2019 Monthly
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Country Last Previous
Australia 51.00 Mar/19
Brazil 52.80 Mar/19
Canada 50.50 Mar/19
China 50.80 Mar/19
Euro Area 47.80 Apr/19
France 49.60 Apr/19
Germany 44.50 Apr/19
India 52.60 Mar/19
Indonesia 51.20 Mar/19
Italy 47.40 Mar/19
Japan 49.50 Apr/19
Mexico 49.80 Mar/19
Netherlands 52.50 Mar/19
Russia 52.80 Mar/19
Saudi Arabia 56.80 Mar/19
Singapore 50.80 Mar/19
South Africa 45.00 Mar/19
South Korea 48.80 Mar/19
Spain 50.90 Mar/19
Switzerland 50.30 Mar/19
Turkey 47.20 Mar/19
United Kingdom 55.10 Mar/19
United States 52.40 Apr/19


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