The IHS Markit Eurozone Manufacturing PMI was revised higher to a four-month high of 47.4 from a preliminary estimate of 46.9 and compared to May's final reading of 39.4. Still, the latest survey suggested the Eurozone manufacturing sector remained in contraction territory for the past 17 months. Output and new orders declined at a softer pace as more businesses restarted operations following weeks of closure due to the coronavirus pandemic. Backlogs of work outstanding fell for a twenty-second successive month and employment dropped for a fourteenth month in a row. Purchasing activity also remained depressed. On the price front, both input costs and output charges continued to decline. Finally, confidence about production in the year ahead returned to positive territory during June.

Manufacturing PMI in the Euro Area averaged 50.62 points from 2007 until 2020, reaching an all time high of 60.60 points in December of 2017 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 2020. source: Markit Economics

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. Looking forward, we estimate Manufacturing PMI in Euro Area to stand at 54.00 in 12 months time. In the long-term, the Euro Area Manufacturing PMI is projected to trend around 52.00 points in 2021 and 53.40 points in 2022, according to our econometric models.

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Euro Area Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.40 39.40 60.60 33.40 2007 - 2020 points Monthly
SA


News Stream
Euro Area Factory Activity Shrinks Less than Expected
The IHS Markit Eurozone Manufacturing PMI was revised higher to a four-month high of 47.4 from a preliminary estimate of 46.9 and compared to May's final reading of 39.4. Still, the latest survey suggested the Eurozone manufacturing sector remained in contraction territory for the past 17 months. Output and new orders declined at a softer pace as more businesses restarted operations following weeks of closure due to the coronavirus pandemic. Backlogs of work outstanding fell for a twenty-second successive month and employment dropped for a fourteenth month in a row. Purchasing activity also remained depressed. On the price front, both input costs and output charges continued to decline. Finally, confidence about production in the year ahead returned to positive territory during June.
2020-07-01
Eurozone Factory Activity Contracts Less than Expected
The IHS Markit Eurozone Manufacturing PMI rose to 46.9 in June 2020 from 39.4 in the previous month and beating market expectations of 44.5, a flash estimate showed. The latest reading pointed to the weakest contraction in factory activity in four months, as coronavirus lockdown restrictions continued to be relaxed. Output continued to fall, albeit at a softer pace and new orders dropped at slower rate amid the persistent closure of non-essential business, many social distancing measures remained in place and weak demand. The job shedding rate eased for the second straight month. On the price front, input prices increased for the first time since February, due to rising wage pressures, while output charges declined for the fourth consecutive month amid widespread discounting to boost sales. Finally, sentiment improved to its highest level since February, amid the relaxation of some lockdown measures, and planned further easing in coming months.
2020-06-23
Eurozone Manufacturing PMI Second-Lowest on Record
The IHS Markit Eurozone Manufacturing PMI came in at 39.4 in May 2020, little-changed from a preliminary estimate of 39.5 and above April's all-time low of 33.4. Still, the latest reading pointed to a steep contraction in the bloc's manufacturing sector as government restrictions designed to contain the coronavirus pandemic continued to severely hamper the sector. Both production and new orders fell at slower rates, with export sales falling at the second-sharpest pace in 23 years of data collection. Manufacturers continued to reduce their staffing levels and cut back on their purchasing, while average lead times deteriorated. On the price front, input costs dropped the most since March 2016 amid lower prices for oil-related items, while output charges declined for an eleventh successive month. Finally, confidence about the year ahead improved to a three-month high in May but remained inside negative territory.
2020-06-01
Eurozone Manufacturing PMI Second-Lowest on Record
The IHS Markit Eurozone Manufacturing PMI rose to 39.5 in May 2020 from 33.4 in the previous month and beating market expectations of 38, a preliminary estimate showed. The reading pointed to the second sharpest contraction in the factory sector on record, amid non-essential business closures due to the coronavirus pandemic. Output shrank at a softer pace and new orders continued to fall. In addition, the job shedding rate slowed modestly as firms in sought to cut capacity due to weaker demand. On the price front, input costs declined at the fastest pace in over four years. Finally, sentiment remained below anything recorded before the covid-19 outbreak.
2020-05-21

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.