The IHS Markit Euro Area Manufacturing PMI jumped to 57.7 in February of 2021 from 54.8 in January, beating forecasts of 54.3, flash estimates showed. The reading pointed to the strongest growth in factory activity in 3 years as output rose at the second-fastest pace in three years, buoyed by surging inflows of news business. Especially strong manufacturing growth was again recorded in Germany, though France also saw production return to modest growth and the rest of the eurozone enjoyed the strongest factory production gains since last August. Also, employment rose for the first time since April of 2019 and there was increasingly widespread shortages of inputs. Also, surging demand and constrained supply contributed to a further marked rise in prices during the month. Business expectations also improved to the highest for nearly three years as companies looked ahead to vaccine roll-outs allowing an easing of restrictions. source: Markit Economics

Manufacturing PMI in the Euro Area averaged 50.79 points from 2007 until 2021, 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 February of 2021.

Manufacturing PMI in Euro Area is expected to be 51.00 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 52.00 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
57.70 54.80 60.60 33.40 2007 - 2021 points Monthly
SA


News Stream
Eurozone Factory Growth Beats Forecasts
The IHS Markit Euro Area Manufacturing PMI jumped to 57.7 in February of 2021 from 54.8 in January, beating forecasts of 54.3, flash estimates showed. The reading pointed to the strongest growth in factory activity in 3 years as output rose at the second-fastest pace in three years, buoyed by surging inflows of news business. Especially strong manufacturing growth was again recorded in Germany, though France also saw production return to modest growth and the rest of the eurozone enjoyed the strongest factory production gains since last August. Also, employment rose for the first time since April of 2019 and there was increasingly widespread shortages of inputs. Also, surging demand and constrained supply contributed to a further marked rise in prices during the month. Business expectations also improved to the highest for nearly three years as companies looked ahead to vaccine roll-outs allowing an easing of restrictions.
2021-02-19
Euro Area Manufacturing PMI Revised Slightly Higher
The IHS Markit Eurozone Manufacturing PMI was revised slightly higher to 54.8 in January of 2021 from a preliminary of 54.7 but below 55.2 in December. Still, factory activity in the Euro Area expanded for a seventh successive month and again at a marked pace. Growth was recorded across all three broad market groups. However, the improvement in operating conditions seen at consumer goods producers was marginal amid a drop in new orders. In contrast, marked rates of expansion continued to be recorded in both the intermediate and investment goods sectors at the start of 2021. The best manufacturing growth was again seen in those countries with strong export bases, the Netherlands and Germany. Finally, confidence improved to a three-year high in January largely on hopes that vaccine developments in the coming months will help to ease current pandemic restrictions and lead to a noticeable uplift in economic activity.
2021-02-01
Euro Area Factory Growth Remains Robust
The IHS Markit Eurozone Manufacturing PMI edged down to 54.7 in January of 2021 from 55.2 in December, flash estimates showed. The reading came slightly higher than market expectations of 54.5 and pointed to a slower albeit strong growth in factory activity. Yet, factory output expanded for a 7th consecutive month thanks to sustained growth of new orders, exports and backlogs of work. Some of the manufacturing slowdown was attributed to weaker demand growth from both corporate and consumer clients, in turn linked in many cases to the ongoing pandemic. With the exception of last April, when global factory closures hit supply lines, the lengthening of supplier delivery times in January was the greatest on record. Strong manufacturing output growth in Germany contrasted with a renewed fall in production in France and a comparatively subdued rise in the rest of the eurozone. Finally, optimism among manufacturers improved to a three-year high.
2021-01-22
Eurozone Manufacturing PMI Revised Lower
The IHS Markit Eurozone Manufacturing PMI was revised lower to 55.2 in December 2020, from an initial estimate of 55.5 and compared with November's final 53.8. The reading pointed to the strongest growth in factory activity since May 2018, as new orders rose for the sixth month in a row and new export orders increased markedly and to a greater extent than in November. However, firms on average made further cuts to their staffing levels, extending the current period of decline to 20 months. Operating expenses increased to the greatest degree since November 2018 and selling prices were subsequently increased for a third successive month and to the greatest degree since February 2019. Finally, confidence about the coming 12 months improved to the highest level in nearly three years as optimism rose on hopes that operating conditions would be closer to normal by the end of 2021.
2021-01-04

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.