The IHS Markit Eurozone Manufacturing PMI was confirmed at 50.5 in January 2019, down from 51.4 in December and the lowest since November 2014. New orders declined at the sharpest rate since April 2013 as domestic and international demand deteriorated further, with new export orders falling at a pace unchanged on December’s 68-month record. In addition, backlogs of work dropped for a fifth successive month and output growth was the weakest registered in the current 67-month run of expansion. Stocks of finished goods meanwhile rose in January for a fourth month in succession and to the greatest degree since the survey began over 20 years ago. Job creation softened to the lowest since September 2016 while business confidence strengthened on December’s six-year low. On the price front, input cost inflation decreased to near two-and-a-half-year low and output prices rose the least in a year-and-a-half. Manufacturing PMI in the Euro Area is reported by Markit Economics.

Manufacturing PMI in Euro Area is expected to be 50.40 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 52.30 in 12 months time. In the long-term, the Euro Area Manufacturing PMI is projected to trend around 54.50 in 2020, according to our econometric models.

Euro Area Manufacturing PMI
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Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.69 0.86 1.62 -3.29 Index Points [+]
Manufacturing PMI 50.50 51.40 60.60 33.50 [+]
Services PMI 51.20 51.20 58.30 39.20 Index Points [+]
Composite Pmi 51.00 51.10 58.80 45.70 Index Points [+]
Industrial Production -4.20 -3.00 9.60 -21.30 percent [+]
Industrial Production Mom -0.90 -1.70 3.30 -4.00 percent [+]
Manufacturing Production -4.00 -2.90 10.00 -21.80 percent [+]
Capacity Utilization 83.60 83.90 85.30 69.60 percent [+]
Changes In Inventories 24.92 14.80 25.09 -27.31 EUR Billion [+]
Zew Economic Sentiment Index -16.60 -20.90 89.90 -63.70 [+]
Car Registrations 927.13 884.46 1169.19 669.00 Thousand [+]
Mining Production -7.40 -8.70 42.30 -27.80 percent [+]

Euro Area Manufacturing PMI

In the Euro Area, the Markit Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of 3,000 manufacturing firms. National data are included for Germany, France, Italy, Spain, the Netherlands, Austria, the Republic of Ireland and Greece. These countries together account for an estimated 90% of Eurozone manufacturing activity. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. 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. Euro Area Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.50 51.40 60.60 33.50 2007 - 2019 Monthly

Country Last Previous
Australia 52.50 Jan/19
Brazil 52.70 Jan/19
Canada 53.00 Jan/19
China 48.30 Jan/19
Euro Area 50.50 Jan/19
France 51.20 Jan/19
Germany 49.70 Jan/19
India 53.90 Jan/19
Indonesia 49.90 Jan/19
Italy 47.80 Jan/19
Japan 50.30 Jan/19
Mexico 50.90 Jan/19
Netherlands 55.10 Jan/19
Russia 50.90 Feb/19
Saudi Arabia 56.20 Jan/19
Singapore 50.70 Jan/19
South Africa 49.90 Jan/19
South Korea 48.30 Jan/19
Spain 52.40 Jan/19
Switzerland 54.30 Jan/19
Turkey 44.20 Jan/19
United Kingdom 52.80 Jan/19
United States 54.90 Jan/19