Eurozone Manufacturing Growth Unchanged in September

2026-09-23 08:15 By Agna Gabriel 1 min. read

The S&P Global Eurozone Manufacturing PMI remained unchanged at 52.7 in September 2026, slightly exceeding the market expectation of 52.6, according to flash data.

Manufacturing output also remained strong, with the Output Index rising to 53.4 from 53.3, its highest level in 55 months.

Growth was supported by a renewed increase in new export orders, while employment was broadly unchanged.

Firms also increased purchasing activity for a second consecutive month, although the pace remained modest.

The rise in input buying helped companies maintain pre-production inventories broadly unchanged, ending a decline that had persisted since February 2023, while stocks of finished goods were also stable.

Supplier delivery times lengthened again, although the deterioration was the least severe since February.

Meanwhile, input cost inflation accelerated and output prices rose at a faster pace.

Business confidence weakened, with manufacturers expressing less optimism about the year ahead.



News Stream
Eurozone Manufacturing Growth Unchanged in September
The S&P Global Eurozone Manufacturing PMI remained unchanged at 52.7 in September 2026, slightly exceeding the market expectation of 52.6, according to flash data. Manufacturing output also remained strong, with the Output Index rising to 53.4 from 53.3, its highest level in 55 months. Growth was supported by a renewed increase in new export orders, while employment was broadly unchanged. Firms also increased purchasing activity for a second consecutive month, although the pace remained modest. The rise in input buying helped companies maintain pre-production inventories broadly unchanged, ending a decline that had persisted since February 2023, while stocks of finished goods were also stable. Supplier delivery times lengthened again, although the deterioration was the least severe since February. Meanwhile, input cost inflation accelerated and output prices rose at a faster pace. Business confidence weakened, with manufacturers expressing less optimism about the year ahead.
2026-09-23
Euro Area Manufacturing Growth at 4-Year High in August
The S&P Global Eurozone Manufacturing PMI rose to 52.7 in August 2026 from 51.9 in July, slightly below the preliminary estimate of 52.8 but still marking the strongest reading since May 2022. Germany was a key driver, recording its strongest manufacturing expansion in more than four years, while France also contributed positively. This was partly offset by a contraction in Italy and Spain. Eurozone manufacturing output increased for a third consecutive month, with growth accelerating to its fastest pace in four and a half years. Demand also improved, supported by the strongest increase in total new orders since early 2022 and a renewed rise in export business. Supply disruptions persisted, however, as delivery times lengthened sharply. Employment was broadly stable, ending more than three years of declines. Meanwhile, input cost pressures continued to ease, while business confidence strengthened for a fourth straight month.
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The S&P Global Eurozone Manufacturing PMI rose to 52.8 in August from 51.9 in the previous month, surpassing market expectations of 51.8 to mark the fastest pace of expansion in manufacturing activity in four years. The manufacturing growth was centered around Germany, where production rose the most since January 2022 after underperforming that from its Eurozone partners, reflecting some traction to the push from the government to stimulate the economy with fresh spending. The rise in new orders drove manufacturing employment to increase slightly, ending a three-year streak of monthly job shedding. Likewise, purchasing activity increased slightly. In the meantime, input costs slowed to their weakest since before the start of the Middle East war in February, driving output charges to rise less. In the meantime, business confidence improved to a six-month high for manufacturing.
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