The IHS Markit Euro Area Manufacturing PMI came in at 58.4 in November 2021, little-changed from a preliminary estimate of 58.6 and the previous month's final reading of 58.3. The latest reading signaled the second-slowest expansion since February, amid reports of severe supply-related constraints. Output increased at a faster pace, but the rate of increase remained the second-weakest in the current 17-month growth sequence. New orders growth also quickened, while the pace of job creation remained solid. Meanwhile, average input lead times lengthened to a substantial extent once again, while pre-production inventories were accumulated to the quickest degree since data were first collected in June 1997. On the price front, input cost inflation was the third-strongest in the series history and output prices were raised to the greatest extent since this series began in November 2002. source: Markit Economics

Manufacturing PMI in the Euro Area averaged 51.34 points from 2007 until 2021, 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 December of 2021.

Manufacturing PMI in Euro Area is expected to be 56.50 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 2022 and 53.40 points in 2023, according to our econometric models.

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Euro Area Manufacturing PMI


Related Last Previous Unit Reference
Services PMI 55.90 54.60 points Nov/21
Manufacturing PMI 58.40 58.30 points Nov/21
Composite PMI 55.40 54.20 points Nov/21

News Stream
Eurozone Manufacturing Growth Stabilizes in November
The IHS Markit Euro Area Manufacturing PMI came in at 58.4 in November 2021, little-changed from a preliminary estimate of 58.6 and the previous month's final reading of 58.3. The latest reading signaled the second-slowest expansion since February, amid reports of severe supply-related constraints. Output increased at a faster pace, but the rate of increase remained the second-weakest in the current 17-month growth sequence. New orders growth also quickened, while the pace of job creation remained solid. Meanwhile, average input lead times lengthened to a substantial extent once again, while pre-production inventories were accumulated to the quickest degree since data were first collected in June 1997. On the price front, input cost inflation was the third-strongest in the series history and output prices were raised to the greatest extent since this series began in November 2002.
2021-12-01
Eurozone Manufacturing PMI Unexpectedly Rises
The IHS Markit Euro Area Manufacturing PMI went up to 58.6 in November of 2021 from 58.3 in October and above market forecasts of 57.3, flash estimates showed. Still, the latest reading remained the second-weakest seen over the past 17 months. New business rose but growth was held back in particular by a third successive monthly drop in production in the autos sector. More positively, especially robust expansions were seen for tech equipment, food & drink and household goods. Fears over supply issues contributed to further inventory building by manufacturers, with November seeing a record build-up of warehouse stocks for the second month running as firms increased their purchases of available inputs. On the price front, firms’ input costs rose at an unprecedented pace and selling price inflation also accelerated. Finally, optimism in manufacturing improved from October’s one-year low, though remained subdued by supply and price worries.
2021-11-23
Eurozone Manufacturing PMI Drops to 8-Month Low
The IHS Markit Eurozone Manufacturing PMI was revised lower to 58.3 in October of 2021, from an initial estimate of 58.5 and compared with September's final 58.6. Overall, this signaled the slowest improvement in manufacturing sector conditions since February as supply-side issues interrupted production schedules and dented order books. Production expanded the least in the current 16-month growth sequence and new business intakes grew at the weakest pace since January. Firms’ struggles to obtain manufacturing inputs was also clear in survey data, with supplier delivery times lengthening to one of the most severe extents on record. Subsequently, input cost and output price inflation rates surged to new survey peaks. Finally, although business confidence remained strong and above its historical average in October, the level of positive sentiment slumped to a one-year low.
2021-11-02

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.