The IHS Markit Eurozone Manufacturing PMI rose slightly to 47 in August 2019 from 46.5 in the previous month, matching flash reading and market expectations. Still, it was the second-lowest reading since April 2013 and the seventh consecutive contraction in factory activity. New orders continued to decline sharply and output, employment and purchasing activity fell further. This helped to relieve any pressure on vendors as reflected in a sixth successive monthly reduction in average supplier delivery times. On the price front, input prices decreased for the third month running, and output charges were cut, though only marginally. Finally, confidence hit the lowest since November 2012, amid worries of a further deepening of the recent global manufacturing downturn, in part related to the ongoing trade war between the US and China. Manufacturing PMI in the Euro Area is reported by Markit Economics.

Manufacturing PMI in Euro Area is expected to be 48.70 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 52.50 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.

Euro Area Manufacturing PMI
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.11 -0.11 1.63 -3.31 Index Points [+]
Manufacturing PMI 47.00 46.50 60.60 33.50 [+]
Services PMI 53.50 53.20 58.30 39.20 Index Points [+]
Composite Pmi 51.90 51.50 58.80 45.70 Index Points [+]
Industrial Production -2.00 -2.40 9.70 -21.40 percent [+]
Industrial Production Mom -0.40 -1.40 3.30 -4.00 percent [+]
Manufacturing Production -2.00 -2.60 10.00 -21.70 percent [+]
Capacity Utilization 81.90 82.80 85.30 69.60 percent [+]
Changes In Inventories 7.71 7.61 27.72 -24.53 EUR Billion [+]
Zew Economic Sentiment Index -22.40 -43.60 89.90 -63.70 [+]
Car Registrations 896.89 961.38 1169.19 669.00 Thousand [+]
Mining Production -8.40 -12.90 42.30 -27.80 percent [+]
Industrial Sentiment -5.90 -7.30 10.20 -37.70 [+]
Services Sentiment 9.30 10.60 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
47.00 46.50 60.60 33.50 2007 - 2019 Monthly

Country Last Previous
Australia 53.10 Aug/19
Brazil 52.50 Aug/19
Canada 49.10 Aug/19
China 50.40 Aug/19
Euro Area 47.00 Aug/19
France 51.10 Aug/19
Germany 43.50 Aug/19
India 51.40 Aug/19
Indonesia 49.00 Aug/19
Italy 48.70 Aug/19
Japan 49.30 Aug/19
Mexico 49.00 Aug/19
Netherlands 51.60 Aug/19
Russia 49.10 Aug/19
Saudi Arabia 57.00 Aug/19
Singapore 49.90 Aug/19
South Africa 45.70 Aug/19
South Korea 49.00 Aug/19
Spain 48.80 Aug/19
Switzerland 47.20 Aug/19
Turkey 48.00 Aug/19
United Kingdom 47.40 Aug/19
United States 50.30 Aug/19