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.

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Euro Area Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
62.60 63.40 63.40 33.40 2007 - 2021 points Monthly
SA


News Stream
Euro Area Manufacturing PMI Falls from Record High
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.
2021-07-23
Eurozone Manufacturing PMI Revised to New Record
The IHS Markit Eurozone Manufacturing PMI was revised higher to a new record high of 63.4 in June 2021, from a preliminary estimate of 63.1, marking a twelfth successive month of expansion in the sector. Overall production growth remained elevated during June, close to the survey records registered earlier in the year, while new orders experienced their third-fastest ever reported increase, with new export orders again increasing sharply over the month. In addition, the pace of job creation was the fastest on record. Manufacturers struggled to meet higher sales, as evidenced by a near series record increase in backlogs of work. Moreover, supply-side constraints again placed some restrictions on production and average lead times deteriorated to the second-greatest degree in the survey history. On the price front, input and output cost rose at an unprecedented degree. Finally, confidence about future output edged higher in June reaching a level that was close to April’s survey record.
2021-07-01
Euro Area Factory Growth Unchanged at Record High
The IHS Markit Eurozone Manufacturing PMI was unchanged at a record high of 63.1 in June of 2021, the same as in May and above market forecasts of 62.1, preliminary estimates showed. Output increased for the twelfth month with the rate of expansion picking up again, albeit remaining slightly below March’s record high. Production growth was again sharpest in Germany, with France lagging the rest of the region amid a slower rate of new order growth. Also, the rise in employment was the highest since 2018 and rising backlogs of work were accompanied by widespread supply shortages for many inputs. Manufacturers reported a lengthening of supply chains that was only slightly less marked than the 24-year survey record seen in May. On the price front, both input and output costs rose at record rates.
2021-06-23
Eurozone Factory Growth Revised to Record High
The IHS Markit Eurozone Manufacturing PMI was revised higher to 63.1 in May of 2021 from a preliminary of 62.8 and above 62.9 in April. The reading pointed to a fresh record growth in factory activity. Output growth was the slowest in three months, though it remained close to March’s record with production again underpinned by rapid gains in new orders. Placing constraints on production were ongoing difficulties in sourcing inputs from vendors. Indeed, purchasing activity rose at a fresh survey record rate but, faced with delays in delivery, firms again utilised their existing stocks wherever possible. On the price front, average input costs again rose substantially, with the rate of inflation hitting an unprecedented level in line with widespread product shortages and output inflation was the fastest in more than 18 years. Manufacturing employment went up for the fourth month. Finally, confidence about the future remained highly positive.
2021-06-01

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.