The S&P Global Eurozone Manufacturing PMI rose to 51.6 in March 2026, up from both the preliminary estimate of 51.4 and February’s 50.8. This marks the strongest expansion in the sector since June 2022, amid a considerable supply-side disruption as the war in the Middle East disrupted global logistics markets. Output growth hit a seven-month high, while new orders matched February’s 46-month record, though the increase remained modest. New export orders stabilized, ending an eight-month decline, and backlogs of work expanded—the first sign of capacity pressures since mid-2022. However, employment continued to decline. On pricing, input cost inflation reached its highest level since October 2022, and factory gate prices rose at the fastest pace in over three years. Meanwhile, business confidence weakened in March, weighed down by ongoing Middle East tensions. source: S&P Global

Manufacturing PMI In the Euro Area increased to 51.60 points in March from 50.80 points in February of 2026. Manufacturing PMI in Euro Area averaged 50.65 points from 2007 until 2026, 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.

Manufacturing PMI In the Euro Area increased to 51.60 points in March from 50.80 points in February of 2026. Manufacturing PMI in Euro Area is expected to be 52.30 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 52.00 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies QoQ 3.40 4.30 percent Dec 2025
Business Confidence -0.27 -0.36 points Mar 2026
Capacity Utilization 77.60 78.00 percent Mar 2026
Car Registrations 764651.00 757035.00 Units Feb 2026
Changes in Inventories 27.81 36.61 EUR Billion Dec 2025
Industrial Production YoY -1.20 2.20 percent Jan 2026
Industrial Production MoM -1.50 -0.60 percent Jan 2026
Industrial Sentiment -7.00 -7.20 points Mar 2026
Manufacturing Production -2.20 2.60 percent Jan 2026
Mining Production 0.80 1.80 percent Jan 2026
Services Sentiment 4.90 5.00 points Mar 2026
ZEW Economic Sentiment Index -8.50 39.40 points Mar 2026


Euro Area Manufacturing PMI
The HCOB Eurozone Manufacturing PMI is compiled by S&P Global from responses to monthly questionnaires sent to survey panels of manufacturers in Germany, France, Italy, Spain, the Netherlands, Austria, Ireland and Greece, totaling around 3,000 private sector companies. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Eurozone Manufacturing Grows at Fastest Pace Since 2022
The S&P Global Eurozone Manufacturing PMI rose to 51.6 in March 2026, up from both the preliminary estimate of 51.4 and February’s 50.8. This marks the strongest expansion in the sector since June 2022, amid a considerable supply-side disruption as the war in the Middle East disrupted global logistics markets. Output growth hit a seven-month high, while new orders matched February’s 46-month record, though the increase remained modest. New export orders stabilized, ending an eight-month decline, and backlogs of work expanded—the first sign of capacity pressures since mid-2022. However, employment continued to decline. On pricing, input cost inflation reached its highest level since October 2022, and factory gate prices rose at the fastest pace in over three years. Meanwhile, business confidence weakened in March, weighed down by ongoing Middle East tensions.
2026-04-01
Euro Area Factory Activity Surprises on the Upside
The S&P Global Eurozone Manufacturing PMI rose to 51.4 in March 2026 from 50.8 in February, better than forecasts of 49.4, flash estimates showed. The data signaled an acceleration in manufacturing activity compared with February, marking the strongest growth in 45 months. New orders continued to rise, and export orders showed signs of stabilization. Meanwhile, the reduction in employment remained modest, but it was the most pronounced in three months. Purchasing activity expanded for the first time in 44 months, ending a long sequence of decline. However, manufacturers reported the most significant lengthening of suppliers’ delivery times in over three and a half years, reflecting supply chain disruptions caused by the Iran war. As a result, stocks of inputs and finished goods continued to fall, and at a faster pace than in the previous month. Inflationary pressures intensified markedly, with both input costs and prices charged accelerating. Lastly, business confidence weakened.
2026-03-24
Eurozone Manufacturing PMI Hits Highest Since Mid-2022
The HCOB Eurozone Manufacturing PMI was confirmed at 50.8 in February 2026, up from January’s 49.5, marking the strongest improvement in operating conditions for euro area factories since June 2022. Manufacturing output rose again, and new orders increased at the fastest pace since April 2022, while exports declined at the slowest rate in three months. Despite the gains, employment continued to fall, and backlog reductions moderated. Purchasing activity nearly stabilized, with the pace of decline slowing for a second consecutive month. On the price front, input cost inflation surged to a 38-month high, while output prices rose for a second consecutive month, the first back-to-back increase in nearly three years, with the latest rise the sharpest since March 2023. Business confidence climbed to a four-year high, signaling optimism for the months ahead.
2026-03-02