The S&P Global Eurozone Manufacturing PMI fell to 51.4 in May 2026 from 52.2 in April, missing market expectations of 51.8, preliminary data showed. The reading marked the softest expansion in private sector activity in three months, as new orders declined and the Middle East war-related demand boost from stock-building and efforts to preempt price hikes and supply shortages faded. Manufacturing employment also decreased solidly, while production continued to increase slightly, extending the current sequence of growth to five months, and purchasing activity rose for the third month running. On the price front, both input costs and output charges rose sharply. Finally, manufacturing sentiment improved slightly. source: S&P Global

Manufacturing PMI In the Euro Area decreased to 51.40 points in May from 52.20 points in April of 2026. Manufacturing PMI in Euro Area averaged 50.66 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 decreased to 51.40 points in May from 52.20 points in April 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 -0.28 -0.27 points Apr 2026
Capacity Utilization 77.60 78.00 percent Mar 2026
Car Registrations 798839.30 775603.70 Units Mar 2026
Changes in Inventories 26.52 36.07 EUR Billion Dec 2025
Industrial Production YoY -2.10 -0.80 percent Mar 2026
Industrial Production MoM 0.20 0.20 percent Mar 2026
Industrial Sentiment -7.70 -7.00 points Apr 2026
Manufacturing Production -2.40 -0.90 percent Mar 2026
Mining Production -1.00 -4.60 percent Mar 2026
Services Sentiment 0.90 4.10 points Apr 2026
ZEW Economic Sentiment Index -9.10 -20.40 points May 2026


Euro Area Manufacturing PMI
The S&P Global 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 Sector Growth Slows in May
The S&P Global Eurozone Manufacturing PMI fell to 51.4 in May 2026 from 52.2 in April, missing market expectations of 51.8, preliminary data showed. The reading marked the softest expansion in private sector activity in three months, as new orders declined and the Middle East war-related demand boost from stock-building and efforts to preempt price hikes and supply shortages faded. Manufacturing employment also decreased solidly, while production continued to increase slightly, extending the current sequence of growth to five months, and purchasing activity rose for the third month running. On the price front, both input costs and output charges rose sharply. Finally, manufacturing sentiment improved slightly.
2026-05-21
Euro Area Factory Activity Confirmed at Nearly 4-Year High
The S&P Global Eurozone Manufacturing PMI climbed to 52.2 in April 2026, its highest in nearly four years, up from 51.6 in March and matching initial estimates. Factory output rose the most since August, driven by improving demand, as new orders grew at the fastest pace in four years and export orders increased for the first time in over four years. Front-loaded purchasing, linked to expectations of higher prices amid war-related energy and supply shocks, supported sales. Firms boosted input buying to the highest level since mid-2022, straining supply chains and lengthening delivery times to their worst since July 2022. Inventory levels declined but at a slower pace, while employment continued to fall despite rising backlogs, extending nearly three years of job cuts. Cost pressures intensified sharply, with input inflation reaching a 46-month high and output prices rising at the fastest rate in 39 months. Meanwhile, business confidence weakened to its lowest since November 2024.
2026-05-04
Eurozone Manufacturing PMI Hits Near Four-Year High
The Eurozone’s Manufacturing PMI climbed to 52.2 in April 2026 from 51.6 in March, surpassing expectations of 50.8 and marking the strongest improvement in business conditions since May 2022. Production growth hit its fastest pace since August 2025, while new orders expanded at the quickest rate in four years, boosted by the first rise in export demand since February 2022. However, some of this growth stemmed from customers stockpiling amid fears of price hikes and supply shortages due to the Middle East conflict. Employment in the sector declined, though input buying rose at the fastest pace since May 2022. Meanwhile, inflationary pressures intensified, and business confidence fell to a 17-month low, signaling caution ahead.
2026-04-23