The IHS Markit Eurozone Manufacturing PMI was revised higher to 45.9 in October 2019 from a preliminary estimate of 45.7. Still, it was little-changed from September's seven-year low as new orders continued to contract at a sharp rate and export orders fell to a considerable degree, again led by sharp reductions in Austria and Germany. Output and purchasing activity also declined and employment shrank by the most since the start of 2013. Input inventories were lowered to the greatest degree since March 2013, whilst finished goods inventories deteriorated to the greatest degree for over three years. On the price front, input costs fell the most since March 2016. Looking ahead, business confidence remained historically low. source: Markit Economics

Manufacturing PMI in Euro Area is expected to be 49.90 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 52.70 in 12 months time. In the long-term, the Euro Area Manufacturing PMI is projected to trend around 54.50 in 2020, according to our econometric models.

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Euro Area Manufacturing PMI
Euro Area Business Last Previous Highest Lowest Unit
Business Confidence -0.19 -0.23 1.63 -3.31 Index Points [+]
Services PMI 52.20 51.60 58.30 39.20 Index Points [+]
Manufacturing PMI 45.90 45.70 60.60 33.50 [+]
Composite Pmi 50.60 50.10 58.80 45.70 Index Points [+]
Industrial Production -1.70 -2.80 9.70 -21.40 percent [+]
Industrial Production Mom 0.10 0.40 3.30 -4.00 percent [+]
Manufacturing Production -1.70 -2.70 10.00 -21.70 percent [+]
Capacity Utilization 81.20 81.90 85.30 69.60 percent [+]
Changes In Inventories 8.04 10.51 29.78 -22.83 EUR Billion [+]
Zew Economic Sentiment Index -1.00 -23.50 89.90 -63.70 [+]
Car Registrations 907.48 874.09 1147.81 672.70 Thousand [+]
Industrial Sentiment -9.50 -8.90 10.20 -37.70 [+]
Mining Production -9.30 -6.30 42.30 -27.80 percent [+]
Services Sentiment 9.00 9.50 35.30 -25.20 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
45.90 45.70 60.60 33.50 2007 - 2019 Monthly
SA




Country Last Previous
Australia 51.60 Oct/19 54.7
Brazil 52.20 Oct/19 53.4
Canada 51.20 Oct/19 51
China 51.70 Oct/19 51.4
Euro Area 45.90 Oct/19 45.7
France 50.70 Oct/19 50.1
Germany 42.10 Oct/19 41.7
India 50.60 Oct/19 51.4
Indonesia 47.70 Oct/19 49.1
Italy 47.70 Oct/19 47.8
Japan 48.40 Oct/19 48.9
Mexico 50.40 Oct/19 49.1
Netherlands 50.30 Oct/19 51.6
Russia 47.20 Oct/19 46.3
Saudi Arabia 57.80 Oct/19 57.3
Singapore 49.60 Oct/19 49.5
South Africa 48.10 Oct/19 45.07
South Korea 48.40 Oct/19 48
Spain 46.80 Oct/19 47.7
Switzerland 49.40 Oct/19 44.6
Turkey 49.00 Oct/19 50
United Kingdom 49.60 Oct/19 48.3
United States 51.30 Oct/19 51.1


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