Euro Area Manufacturing PMI Revised Lower

2025-12-01 09:13 By Joana Taborda 1 min. read

The HCOB Eurozone Manufacturing PMI was revised down to 49.6 in November 2025 from a preliminary of 49.7, the lowest in five months and compared to 50 in October.

The reading showed that the Eurozone’s manufacturing sector worsened amid signs of renewed demand-side weakness.

Factory job losses subsequently intensified and inventory levels were depleted at a faster rate.

There was, however, a sustained (albeit slower) rise in production and a pick-up in business confidence.

While output growth was below its survey trend, expectations rose above their long-term average.

As for input prices, after seeing broadly no change on average since the beginning of the year, November saw the strongest rise since March.

Output charges were nevertheless reduced fractionally, indicating limited pricing power among eurozone manufacturers



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