The IHS Markit Euro Area Manufacturing PMI fell to 62.6 in July of 2021 from a record high of 63.4 in June, compared to forecasts of 62.5. It is the lowest reading since March, preliminary estimates showed. Slower growth was linked in many cases to worsening supply lines and shortages of inputs although new orders remain elevated. Also, backlogs of work rose markedly and job growth was little changed from June's record. On the price front, input inflation was unchanged at record high and output cost rose at a near record pace. source: Markit Economics
Manufacturing PMI in the Euro Area averaged 51.15 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 July of 2021.
Manufacturing PMI in Euro Area is expected to be 54.60 points 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 53.20 in 12 months time. In the long-term, the Euro Area Manufacturing PMI is projected to trend around 52.00 points in 2022 and 53.40 points in 2023, according to our econometric models.