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.