Euro Area Manufacturing PMI  Forecast


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Manufacturing PMI in Euro Area is expected to be 57.70 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 57.00 in 12 months time. In the long-term, the Euro Area Manufacturing PMI is projected to trend around 53.10 in 2020, according to our econometric models.


Euro Area Business Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence 1.44 1.05 1.02 0.98 0.95 1
Manufacturing PMI 58.5 57.7 57.5 56.8 57 53.1
Services PMI 55 55.9 55.7 55.4 55.2 53.3
Composite Pmi 56 56.5 56.4 56.3 55.9 51.9
Industrial Production 3.3 3.1 3.3 3.2 3.4 2.4
Industrial Production Mom -0.6 0.4 0.2 0.3 0.3 0.1
Manufacturing Production 4.4 3.7 3.6 3.4 3.2 3.9
Capacity Utilization 83.8 82.9 83 83.1 83.2 84.8
Changes In Inventories 3.48 4.08 4.59 5.35 5.89 5.9
Zew Economic Sentiment Index 30.9 29 25 24 26 32
Car Registrations 906 904 908 871 902 948
Mining Production -5.5 0.4 1.5 2 1.9 2.1