The S&P Global Eurozone Manufacturing PMI fell to 49.8 in July of 2022 from 52.1 in June, pointing to the first contraction in factory activity since June of 2020 but slightly above preliminary estimates of 49.6. Manufacturing output fell for a second month, with the rate of decline accelerating to the fastest since May 2020. Aside from the COVID-19 lockdown periods, the July drop in factory output has not been exceeded since December 2012. New orders for goods decreased for a third successive month, and the loss rate accelerated sharply to the steepest since May 2020. On the price front, input cost and output prices slowed to 17- and 15-month lows, respectively. Meanwhile, manufacturing expectations worsened to such an extent that more firms expected to cut output than increase production in the coming year, a situation not seen since the early days of the pandemic. source: Markit Economics
Manufacturing PMI in the Euro Area averaged 51.52 points from 2007 until 2022, 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 August of 2022.
Manufacturing PMI in Euro Area is expected to be 52.00 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 2023 and 53.40 points in 2024, according to our econometric models.